Insider Buying: Yext (NYSE:YEXT) Director Purchases $498,750.00 in Stock

Yext (NYSE:YEXT) Director Seth Waugh purchased 133,000 shares of Yext stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, with a total value of $498,750.00. Following the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at $1,197,791.25. The trade was a 71.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Yext Trading Up 7.5%

Shares of YEXT opened at $4.07 on Friday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50-day moving average price of $3.80 and a 200 day moving average price of $5.72. Yext has a one year low of $3.27 and a one year high of $9.20. The company has a market capitalization of $407.51 million, a P/E ratio of 58.07 and a beta of 1.16.

Yext (NYSE:YEXT) last released its earnings results on Tuesday, June 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Yext had a return on equity of 43.47% and a net margin of 8.93%.The company had revenue of $107.92 million for the quarter, compared to the consensus estimate of $110.70 million. During the same quarter last year, the business posted $0.13 EPS. Yext’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts forecast that Yext will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. B. Riley Financial dropped their price target on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Roth Mkm cut Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. DA Davidson reiterated a “neutral” rating and set a $6.00 price target on shares of Yext in a research report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Yext presently has an average rating of “Hold” and an average target price of $7.50.

Institutional Investors Weigh In On Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lynrock Lake LP grew its position in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after buying an additional 2,861,653 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 worth $47,561,000 after buying an additional 371,253 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Yext by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock valued at $20,980,000 after purchasing an additional 23,914 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Yext by 21.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock valued at $8,185,000 after purchasing an additional 373,953 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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.