Investors Buy High Volume of Put Options on Yext (NYSE:YEXT)

Yext (NYSE:YEXT) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 10,000 put options on the company. This represents an increase of approximately 173% compared to the typical daily volume of 3,669 put options.

Analyst Upgrades and Downgrades

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

Yext Trading Up 3.9%

Shares of YEXT opened at $3.86 on Tuesday. The firm’s 50-day moving average price is $4.79 and its 200-day moving average price is $6.89. The firm has a market capitalization of $475.51 million, a price-to-earnings ratio of 64.26 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Yext has a 1-year low of $3.29 and a 1-year high of $9.20.

Yext (NYSE:YEXT) last announced its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $112.00 million for 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 company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Sell-side analysts anticipate that Yext will post 0.31 EPS for the current year.

Insider Activity

In other Yext news, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the transaction, the chief accounting officer owned 7,848 shares in the company, valued at approximately $28,409.76. The trade was a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Yext

A number of large investors have recently modified their holdings of the stock. OP Asset Management Ltd bought a new stake in shares of Yext during the 1st quarter valued at about $3,915,000. Tactive Advisors LLC bought a new stake in Yext during the first quarter worth about $111,000. Invesco Ltd. boosted its stake in Yext by 13.6% during the fourth quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock worth $1,508,000 after acquiring an additional 22,471 shares in the last quarter. Lynrock Lake LP boosted its stake in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after acquiring an additional 2,861,653 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in Yext by 24.0% during the fourth quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock worth $1,331,000 after acquiring an additional 32,010 shares in the last quarter. Institutional investors 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.