Phillip M. Fernandez Sells 2,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) Director Phillip M. Fernandez sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:YEXT opened at $25.78 on Friday. Yext Inc has a twelve month low of $10.58 and a twelve month high of $27.19.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Thursday, August 30th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. The firm had revenue of $55.10 million for the quarter, compared to analysts’ expectations of $53.67 million. equities analysts forecast that Yext Inc will post -0.76 EPS for the current year.

Large investors have recently modified their holdings of the company. Spark Investment Management LLC lifted its stake in shares of Yext by 387.9% in the 2nd quarter. Spark Investment Management LLC now owns 491,800 shares of the company’s stock worth $9,511,000 after purchasing an additional 391,000 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Yext in the 2nd quarter worth approximately $1,015,000. Catalyst Capital Advisors LLC bought a new position in shares of Yext in the 2nd quarter worth approximately $874,000. Strs Ohio bought a new position in shares of Yext in the 2nd quarter worth approximately $1,119,000. Finally, Engineers Gate Manager LP bought a new position in shares of Yext in the 2nd quarter worth approximately $3,371,000. Hedge funds and other institutional investors own 52.60% of the company’s stock.

A number of analysts have recently issued reports on the stock. SunTrust Banks assumed coverage on shares of Yext in a report on Monday, August 13th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Yext from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley raised their price target on shares of Yext from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, June 1st. KeyCorp raised their price target on shares of Yext from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price target on shares of Yext in a report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.00.

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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Insider Buying and Selling by Quarter for Yext (NYSE:YEXT)

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