Yext (NYSE:YEXT) Short Interest Up 68.6% in March

Yext (NYSE:YEXT) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 16,851,459 shares, a growth of 68.6% from the February 26th total of 9,996,492 shares. Based on an average trading volume of 4,017,496 shares, the short-interest ratio is currently 4.2 days. Approximately 14.4% of the shares of the company are sold short.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YEXT. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and lowered their target price for the company from $9.50 to $6.00 in a research report on Wednesday, March 11th. DA Davidson reissued a “neutral” rating and set a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. B. Riley Financial reduced their price target on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.50.

Yext Price Performance

Shares of NYSE YEXT traded down $0.30 during midday trading on Friday, reaching $3.97. The stock had a trading volume of 3,344,268 shares, compared to its average volume of 5,510,940. The company has a market capitalization of $489.08 million, a price-to-earnings ratio of 66.09 and a beta of 1.01. Yext has a 12-month low of $3.95 and a 12-month high of $9.20. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $7.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07.

Yext (NYSE:YEXT) last released its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $114.21 million. During the same quarter in the previous year, the company earned $0.13 EPS. Yext’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

Several institutional investors have recently made changes to their positions in the business. Lynrock Lake LP lifted its holdings in 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. The Manufacturers Life Insurance Company grew its holdings in Yext by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after buying an additional 371,253 shares in the last quarter. Hudson Bay Capital Management LP raised its position in shares of Yext by 126.2% during 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 buying an additional 1,647,174 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Yext by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock valued at $20,980,000 after buying an additional 23,914 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Yext by 28.7% in the fourth quarter. Federated Hermes Inc. now owns 1,871,845 shares of the company’s stock worth $15,087,000 after buying an additional 417,896 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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.