Yext Inc (YEXT) Director Phillip M. Fernandez Sells 2,000 Shares

Yext Inc (NYSE:YEXT) Director Phillip M. Fernandez sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $22.30, for a total value of $44,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

YEXT stock traded down $0.13 during trading on Friday, reaching $22.66. 1,569,219 shares of the stock traded hands, compared to its average volume of 967,469. Yext Inc has a 52-week low of $11.70 and a 52-week high of $27.19. The company has a market cap of $2.30 billion, a PE ratio of -29.82 and a beta of 0.89.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. Yext had a negative return on equity of 104.67% and a negative net margin of 34.74%. The firm had revenue of $63.80 million during the quarter, compared to the consensus estimate of $62.77 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. Equities analysts predict that Yext Inc will post -0.84 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Edge Wealth Management LLC acquired a new position in shares of Yext during the fourth quarter worth about $92,000. FMR LLC lifted its stake in shares of Yext by 10.5% during the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after purchasing an additional 900 shares in the last quarter. New World Advisors LLC acquired a new position in shares of Yext during the fourth quarter worth about $164,000. Cim Investment Mangement Inc. acquired a new position in shares of Yext during the fourth quarter worth about $165,000. Finally, Amalgamated Bank acquired a new position in shares of Yext during the fourth quarter worth about $177,000. Institutional investors own 54.06% of the company’s stock.

A number of brokerages have recently commented on YEXT. Morgan Stanley lifted their price objective on Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Thursday, March 7th. Oppenheimer began coverage on Yext in a research report on Thursday, January 24th. They issued an “outperform” rating and a $23.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Yext in a research report on Friday, December 14th. DA Davidson lowered their price target on Yext to $24.00 and set a “buy” rating for the company in a research report on Monday, December 3rd. They noted that the move was a valuation call. Finally, KeyCorp reissued a “hold” rating on shares of Yext in a research report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.71.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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