Yext (NYSE:YEXT) Shares Up 8.5% – Time to Buy?

Shares of Yext (NYSE:YEXT) shot up 8.5% during trading on Monday . The stock traded as high as $5.40 and last traded at $5.4260. 345,994 shares changed hands during trading, a decline of 85% from the average daily volume of 2,270,087 shares. The stock had previously closed at $5.00.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YEXT. Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Yext Price Performance

The business has a 50-day moving average price of $4.40 and a two-hundred day moving average price of $4.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. The company has a market capitalization of $550.87 million, a price-to-earnings ratio of 78.50 and a beta of 1.14.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh acquired 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 $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares of the company’s stock, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently modified their holdings of the stock. Haven Private LLC lifted its holdings in shares of Yext by 3.3% in the fourth quarter. Haven Private LLC now owns 59,248 shares of the company’s stock valued at $478,000 after purchasing an additional 1,886 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after buying an additional 2,016 shares in the last quarter. Clearstead Advisors LLC raised its position in 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 last quarter. Creative Planning raised its position in Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after buying an additional 3,789 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Yext by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after acquiring an additional 4,444 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

About Yext

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.