Yext (NYSE:YEXT) CAO Sells $36,200.00 in Stock

Yext (NYSE:YEXT) CAO Allan Tang sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the sale, the chief accounting officer directly owned 7,848 shares of the company’s stock, valued at $28,409.76. This trade represents a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yext Price Performance

NYSE YEXT opened at $3.70 on Monday. The company has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $6.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $455.76 million, a price-to-earnings ratio of 61.59 and a beta of 1.19. Yext has a 52-week low of $3.29 and a 52-week high of $9.20.

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

Hedge Funds Weigh In On Yext

A number of hedge funds have recently added to or reduced their stakes in the company. Tactive Advisors LLC acquired a new position in Yext in the first quarter worth approximately $111,000. Invesco Ltd. grew its holdings in Yext by 13.6% during the fourth quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock valued at $1,508,000 after purchasing an additional 22,471 shares during the last quarter. Lynrock Lake LP grew its holdings in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the last quarter. XTX Topco Ltd grew its holdings in Yext by 24.0% during the fourth quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock valued at $1,331,000 after purchasing an additional 32,010 shares during the last quarter. Finally, SummitTX Capital L.P. acquired a new position in Yext during the fourth quarter valued at approximately $724,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. DA Davidson restated a “neutral” rating and issued a $6.00 price objective on shares of Yext in a report on Wednesday, March 11th. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. B. Riley Financial dropped their price objective on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

Yext Company Profile

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.