Yext Inc (NYSE:YEXT) CAO Darryl Bond sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the sale, the chief accounting officer now owns 28,303 shares of the company’s stock, valued at approximately $484,264.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Darryl Bond also recently made the following trade(s):
- On Tuesday, June 23rd, Darryl Bond sold 1,666 shares of Yext stock. The shares were sold at an average price of $18.25, for a total value of $30,404.50.
YEXT stock opened at $18.20 on Friday. The firm has a 50 day moving average price of $16.28 and a 200-day moving average price of $14.35. Yext Inc has a 52-week low of $8.56 and a 52-week high of $22.65. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -15.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.57 and a current ratio of 1.57.
Yext (NYSE:YEXT) last posted its quarterly earnings results on Thursday, June 4th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $82.14 million. Yext had a negative return on equity of 63.32% and a negative net margin of 41.78%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. As a group, sell-side analysts forecast that Yext Inc will post -1.04 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Invus Financial Advisors LLC purchased a new stake in shares of Yext during the fourth quarter valued at approximately $59,797,000. Champlain Investment Partners LLC lifted its position in Yext by 36.7% in the 4th quarter. Champlain Investment Partners LLC now owns 7,848,795 shares of the company’s stock valued at $113,180,000 after acquiring an additional 2,106,080 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Yext by 48.7% during the 4th quarter. Janus Henderson Group PLC now owns 5,092,178 shares of the company’s stock valued at $73,429,000 after purchasing an additional 1,666,716 shares during the last quarter. Norges Bank bought a new stake in shares of Yext in the 4th quarter worth $15,955,000. Finally, UBS Oconnor LLC purchased a new position in shares of Yext in the fourth quarter worth $11,031,000. 68.78% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on YEXT. William Blair assumed coverage on shares of Yext in a report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. SunTrust Banks cut their target price on shares of Yext from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price target on shares of Yext in a research report on Sunday, June 7th. DA Davidson raised their price objective on shares of Yext from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Friday, June 5th. Finally, Oppenheimer began coverage on Yext in a report on Friday, June 5th. They set a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.55.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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