Yext (NYSE:YEXT) General Counsel Ho Shin Sells 30,000 Shares

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

Yext Stock Performance

NYSE YEXT opened at $6.38 on Friday. 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 has a 52-week low of $3.27 and a 52-week high of $9.03. The business’s 50-day moving average price is $5.84 and its 200 day moving average price is $4.82. The firm has a market cap of $631.00 million, a P/E ratio of 37.50 and a beta of 1.15.

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

Hedge Funds Weigh In On Yext

A number of large investors have recently modified their holdings of the business. Clearstead Advisors LLC lifted its holdings in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Yext during the second quarter worth $31,000. Legal & General Group Plc acquired a new position in Yext during the second quarter worth $39,000. New York State Teachers Retirement System raised its position in Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after acquiring an additional 9,253 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Yext in the first quarter worth $38,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. B. Riley Financial lifted their price objective on shares of Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Yext in a research note on Monday, August 31st. B Riley restated a “neutral” rating on shares of Yext in a research report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Five investment 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, Yext presently has an average rating of “Reduce” and a consensus price target of $6.33.

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.