Yext (NYSE:YEXT) Sees Large Growth in Short Interest

Yext (NYSE:YEXT) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,996,492 shares, a growth of 31.3% from the February 12th total of 7,614,201 shares. Based on an average trading volume of 2,770,344 shares, the days-to-cover ratio is presently 3.6 days. Currently, 8.6% of the company’s stock are sold short. Currently, 8.6% of the company’s stock are sold short. Based on an average trading volume of 2,770,344 shares, the days-to-cover ratio is presently 3.6 days.

Wall Street Analyst Weigh In

YEXT has been the subject of several analyst reports. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. DA Davidson reissued a “neutral” rating and set a $6.00 price objective on shares of Yext in a report on Wednesday, March 11th. B. Riley Financial lowered their target price on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Two investment 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. According to data from MarketBeat.com, Yext presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Yext Stock Performance

NYSE YEXT traded up $0.24 during trading on Monday, reaching $5.47. The company’s stock had a trading volume of 8,866,117 shares, compared to its average volume of 3,255,404. The firm has a 50 day moving average price of $6.29 and a 200 day moving average price of $7.72. Yext has a 12 month low of $4.66 and a 12 month high of $9.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $674.11 million, a price-to-earnings ratio of 91.10 and a beta of 1.01.

Yext (NYSE:YEXT) last posted its earnings results on Monday, March 9th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The firm had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $114.21 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

A number of large investors have recently added to or reduced their stakes in YEXT. Lynrock Lake LP raised its position in shares of Yext by 23.3% in 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. Hudson Bay Capital Management LP lifted its stake in shares of Yext by 126.2% in the 4th 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 period. First Trust Advisors LP bought a new position in shares of Yext during the fourth quarter valued at approximately $5,634,000. Millennium Management LLC purchased a new position in Yext in the first quarter worth about $3,964,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Yext in the second quarter worth approximately $5,027,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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.