Yext (NYSE:YEXT) Sees Large Increase in Short Interest

Yext (NYSE:YEXT) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,996,492 shares, an increase of 31.3% from the February 12th total of 7,614,201 shares. Based on an average daily volume of 2,770,344 shares, the short-interest ratio is presently 3.6 days. Currently, 8.6% of the company’s shares are sold short. Currently, 8.6% of the company’s shares are sold short. Based on an average daily volume of 2,770,344 shares, the short-interest ratio is presently 3.6 days.

Analyst Ratings Changes

YEXT has been the subject of a number of recent analyst reports. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. B. Riley Financial lowered their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Roth Mkm cut Yext from a “buy” rating to a “neutral” rating and dropped their target price for the company from $9.50 to $6.00 in a research report on Wednesday, March 11th. DA Davidson restated a “neutral” rating and issued a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

Yext Stock Up 4.5%

YEXT opened at $5.47 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20. The company has a fifty day moving average of $6.29 and a two-hundred day moving average of $7.72. The stock has a market capitalization of $674.11 million, a price-to-earnings ratio of 91.10 and a beta of 1.01.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $112.00 million for the quarter, compared to the consensus estimate of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. On average, research analysts expect that Yext will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Yext

Several large investors have recently modified their holdings of YEXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after purchasing an additional 4,802 shares during the period. Millennium Management LLC purchased a new stake in shares of Yext during the first quarter worth $3,964,000. Police & Firemen s Retirement System of New Jersey increased its holdings in Yext by 19.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock worth $216,000 after purchasing an additional 4,060 shares during the period. Creative Planning purchased a new stake in shares of Yext during the second quarter worth approximately $109,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Yext in the 2nd quarter valued at $1,413,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

About Yext

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.