Yext (YEXT) Shares Up 6.1%

Yext Inc (NYSE:YEXT) traded up 6.1% on Thursday . The company traded as high as $12.12 and last traded at $12.11. 834,800 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 483,229 shares. The stock had previously closed at $11.41.

A number of equities research analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $16.00 target price on shares of Yext in a report on Thursday, November 30th. Zacks Investment Research downgraded Yext from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $18.00 target price on shares of Yext in a report on Friday, September 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 target price on shares of Yext in a report on Thursday, October 12th. Finally, BidaskClub downgraded Yext from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Yext currently has a consensus rating of “Hold” and a consensus target price of $16.20.

The firm has a market capitalization of $1,100.00 and a P/E ratio of -12.83.

In other Yext news, CEO Howard Lerman sold 4,039 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $12.00, for a total value of $48,468.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brian Distelburger sold 8,160 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $14.53, for a total value of $118,564.80. The disclosure for this sale can be found here. Insiders sold 576,299 shares of company stock valued at $7,082,516 in the last three months.

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada purchased a new position in shares of Yext during the second quarter valued at approximately $100,000. Cubist Systematic Strategies LLC purchased a new position in shares of Yext during the second quarter valued at approximately $146,000. Rhumbline Advisers purchased a new position in shares of Yext during the second quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new position in shares of Yext during the second quarter valued at approximately $172,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Yext during the second quarter valued at approximately $173,000. 28.58% of the stock is currently owned by institutional investors.

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Yext Company Profile

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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