Seth Waugh Acquires 133,000 Shares of Yext (NYSE:YEXT) Stock

Yext (NYSE:YEXT) Director Seth Waugh bought 133,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the purchase, the director owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Yext Price Performance

Shares of YEXT opened at $4.07 on Friday. The firm has a market cap of $407.52 million, a PE ratio of 58.07 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The firm has a fifty day simple moving average of $3.80 and a two-hundred day simple moving average of $5.72. Yext has a 1-year low of $3.27 and a 1-year high of $9.20.

Yext (NYSE:YEXT) last announced its earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $107.92 million during the quarter, compared to analyst estimates of $110.70 million. Yext had a net margin of 8.93% and a return on equity of 43.47%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, equities analysts anticipate that Yext will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. DA Davidson restated a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research note on Wednesday, March 11th. Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Finally, B. Riley Financial reduced their price objective on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Yext currently has an average rating of “Hold” and an average target price of $7.50.

Institutional Investors Weigh In On Yext

Several hedge funds and other institutional investors have recently modified their holdings of YEXT. Lynrock Lake LP increased its stake in shares of Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after purchasing an additional 2,861,653 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in shares of Yext by 126.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares in the last quarter. OP Asset Management Ltd purchased a new stake in shares of Yext in the 1st quarter worth $3,915,000. First Trust Advisors LP bought a new position in Yext in the 4th quarter worth $5,634,000. Finally, Millennium Management LLC bought a new position in Yext in the 1st quarter worth $3,964,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Company Profile

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.