Yext Inc (NYSE:YEXT) Director Phillip M. Fernandez sold 2,000 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $18.85, for a total value of $37,700.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NYSE YEXT opened at $18.60 on Friday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -21.88 and a beta of 0.82. Yext Inc has a twelve month low of $10.58 and a twelve month high of $27.19.
Yext (NYSE:YEXT) last announced its earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $53.67 million. Yext had a negative return on equity of 91.20% and a negative net margin of 36.92%. On average, equities analysts predict that Yext Inc will post -0.79 earnings per share for the current fiscal year.
YEXT has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price objective on shares of Yext in a research note on Wednesday, July 25th. SunTrust Banks initiated coverage on Yext in a research note on Monday, August 13th. They set a “buy” rating on the stock. DA Davidson initiated coverage on Yext in a research note on Monday, October 8th. They set a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley reiterated a “hold” rating and set a $26.00 price objective (up from $15.00) on shares of Yext in a research note on Tuesday, September 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Yext in a research note on Thursday, August 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.25.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in Yext by 11.6% in the 1st quarter. Barclays PLC now owns 34,098 shares of the company’s stock worth $430,000 after acquiring an additional 3,532 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Yext by 18.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,376 shares of the company’s stock worth $529,000 after acquiring an additional 4,170 shares during the last quarter. UBS Group AG increased its stake in Yext by 42.2% in the 1st quarter. UBS Group AG now owns 17,577 shares of the company’s stock worth $222,000 after acquiring an additional 5,217 shares during the last quarter. Northern Trust Corp increased its stake in Yext by 2.4% in the 1st quarter. Northern Trust Corp now owns 240,879 shares of the company’s stock worth $3,047,000 after acquiring an additional 5,687 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in Yext in the 2nd quarter worth about $118,000. Institutional investors and hedge funds own 52.64% of the company’s stock.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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