Yext (NYSE:YEXT) Given Average Rating of “Hold” by Analysts

Yext (NYSE:YEXT) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $6.6667.

YEXT has been the subject of several analyst reports. Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd.

Yext Stock Up 4.4%

Shares of NYSE:YEXT opened at $6.28 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The stock’s fifty day simple moving average is $5.08 and its 200-day simple moving average is $4.69. The company has a market capitalization of $629.07 million, a P/E ratio of 89.64 and a beta of 1.13.

Insider Activity at Yext

In other news, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $3.75 per share, with a total value of $498,750.00. Following the purchase, the director owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel J. Englander purchased 76,190 shares of the business’s stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $5.22 per share, with a total value of $397,711.80. Following the completion of the acquisition, the director directly owned 141,190 shares in the company, valued at $737,011.80. The trade was a 117.22% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Yext

Several hedge funds have recently made changes to their positions in YEXT. Lead Edge Capital Management LLC purchased a new position in shares of Yext during the 2nd quarter worth about $36,628,192,000. BlackRock Inc. acquired a new stake in shares of Yext in the second quarter worth approximately $34,536,000. Lynrock Lake LP grew its holdings in Yext by 23.3% in the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP grew its holdings in Yext by 126.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after purchasing an additional 1,647,174 shares during the period. Finally, OP Asset Management Ltd acquired a new position in Yext during the first quarter worth approximately $3,915,000. Institutional investors and hedge funds 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.