Ho Shin Sells 30,000 Shares of Yext (NYSE:YEXT) Stock

Yext (NYSE:YEXT) General Counsel Ho Shin sold 30,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $6.39, for a total transaction of $191,700.00. Following the transaction, the general counsel owned 289,269 shares in the company, valued at $1,848,428.91. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Yext Stock Up 1.5%

Shares of NYSE YEXT opened at $6.38 on Friday. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $631.00 million, a P/E ratio of 37.50 and a beta of 1.15. Yext has a 1 year low of $3.27 and a 1 year high of $9.03. The firm has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $4.82.

Yext (NYSE:YEXT) last released its earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Yext had a return on equity of 43.23% and a net margin of 5.90%.The firm had revenue of $111.10 million for the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts anticipate that Yext will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Yext

Several institutional investors have recently made changes to their positions in YEXT. Clearstead Advisors LLC lifted its stake in 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 acquiring an additional 2,784 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Yext during the 2nd quarter valued at about $31,000. Legal & General Group Plc purchased a new position in Yext during the 2nd quarter valued at about $39,000. New York State Teachers Retirement System raised its holdings in shares of Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after purchasing an additional 9,253 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Yext in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on YEXT. Weiss Ratings reissued a “sell (d+)” rating on shares of Yext in a research note on Monday, August 31st. Wall Street Zen raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. B Riley reiterated a “neutral” rating on shares of Yext in a report on Wednesday, September 2nd. B. Riley Financial boosted their price objective on shares of Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $6.33.

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.