Daniel Englander Acquires 76,190 Shares of Yext (NYSE:YEXT) Stock

Yext (NYSE:YEXT) Director Daniel Englander bought 76,190 shares of Yext stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the acquisition, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. This represents a 117.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yext Trading Up 4.5%

NYSE:YEXT opened at $5.45 on Wednesday. The business’s 50-day moving average is $4.16 and its two-hundred day moving average is $5.10. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. Yext has a 12 month low of $3.27 and a 12 month high of $9.20. The firm has a market capitalization of $545.86 million, a PE ratio of 77.79 and a beta of 1.14.

Institutional Investors Weigh In On Yext

Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its position in Yext by 9,253.0% during the 1st 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 during the period. Clearstead Advisors LLC raised its stake in shares of Yext by 147.1% in 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 during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Yext during the first quarter worth about $38,000. Able Wealth Management LLC purchased a new stake in Yext in the first quarter valued at approximately $48,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Yext during the 1st quarter worth approximately $49,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on YEXT. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Yext presently has a consensus rating of “Hold” and a consensus price target of $7.50.

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.