Traders Purchase High Volume of Yext Put Options (NYSE:YEXT)

Yext (NYSE:YEXT) was the recipient of unusually large options trading on Friday. Stock traders bought 10,002 put options on the company. This is an increase of approximately 178% compared to the typical volume of 3,596 put options.

Insider Activity at Yext

In related news, CAO Allan Tang sold 10,000 shares of Yext stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at approximately $28,409.76. This trade represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Yext

Large investors have recently modified their holdings of the stock. Haven Private LLC boosted its position in shares of Yext by 2.7% in the third quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after buying an additional 1,507 shares during the period. Strs Ohio boosted its position in shares of Yext by 2.7% in the third quarter. Strs Ohio now owns 77,200 shares of the company’s stock worth $658,000 after buying an additional 2,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Yext by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after buying an additional 2,016 shares during the period. Clearstead Advisors LLC boosted its position in shares of Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after buying an additional 2,784 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Yext by 15.3% in the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock worth $211,000 after buying an additional 3,292 shares during the period. 70.98% of the stock is owned by institutional investors.

Yext Stock Down 2.1%

YEXT traded down $0.08 on Friday, reaching $3.48. The company’s stock had a trading volume of 509,202 shares, compared to its average volume of 2,720,069. The stock has a market cap of $347.88 million, a price-to-earnings ratio of 58.26 and a beta of 1.14. Yext has a 1 year low of $3.29 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day moving average is $4.25 and its 200 day moving average is $6.38.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.Yext’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. As a group, research analysts forecast that Yext will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm cut Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. B. Riley Financial decreased their price target on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. DA Davidson reiterated a “neutral” rating and set a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yext currently has a consensus rating of “Hold” and an average target price of $7.50.

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.