Yext (NYSE:YEXT) General Counsel Sells $191,700.00 in Stock

Yext (NYSE:YEXT) General Counsel Ho Shin sold 30,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the transaction, the general counsel directly owned 289,269 shares of the company’s stock, valued at approximately $1,848,428.91. This trade represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Yext Stock Performance

Shares of NYSE YEXT opened at $6.38 on Monday. The firm’s 50-day moving average price is $5.84 and its 200-day moving average price is $4.81. Yext has a 52-week low of $3.27 and a 52-week high of $9.03. The company has a market cap of $631.00 million, a PE ratio of 37.50 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14.

Yext (NYSE:YEXT) last released its quarterly earnings data on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The firm had revenue of $111.10 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same period in the previous year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Yext will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently modified their holdings of YEXT. Public Employees Retirement System of Ohio bought a new position in Yext in the 2nd quarter worth $31,000. New York State Teachers Retirement System grew its position in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after purchasing an additional 9,253 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Yext during the 1st quarter valued at approximately $38,000. Finally, Legal & General Group Plc bought a new stake in Yext during the 2nd quarter valued at approximately $39,000. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YEXT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a report on Monday, August 31st. B. Riley Financial raised their target price on Yext from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Wall Street Zen upgraded Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. B Riley reiterated a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. Finally, Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.33.

Yext Company Profile

Yext, Inc (NYSE:YEXT) provides a digital experience platform that helps organizations manage and improve the information customers encounter across websites, search engines, maps, social networks and other digital services. Its technology is designed to help businesses deliver accurate, consistent and discoverable information across multiple online channels.

The company’s platform is built around a centralized knowledge base and includes tools for digital listings, website content, site search, reviews, analytics and customer engagement.