Yext (NYSE:YEXT) Given Consensus Recommendation of “Hold” by Analysts

Yext (NYSE:YEXT) has been assigned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $7.50.

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd.

Insider Transactions at Yext

In other news, Director Daniel J. Englander acquired 76,190 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. This trade represents a 117.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Seth H. Waugh bought 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

A number of large investors have recently added to or reduced their stakes in the company. Lynrock Lake LP boosted its position in shares of Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after acquiring an additional 2,861,653 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Yext by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after purchasing an additional 371,253 shares in the last quarter. Hudson Bay Capital Management LP lifted its position in 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 purchasing an additional 1,647,174 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Yext by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock worth $20,980,000 after buying an additional 23,914 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Yext by 21.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock worth $8,185,000 after buying an additional 373,953 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Trading Up 2.5%

Shares of YEXT opened at $5.47 on Tuesday. The firm has a market cap of $548.87 million, a P/E ratio of 78.21 and a beta of 1.14. 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 1 year low of $3.27 and a 1 year high of $9.20. The company has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $5.02.

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.