Yext Inc (NYSE:YEXT) Director Michael Walrath purchased 64,987 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average price of $15.39 per share, with a total value of $1,000,149.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Yext stock traded up $0.03 during mid-day trading on Friday, reaching $15.55. 869,239 shares of the company were exchanged, compared to its average volume of 1,092,945. The firm has a market cap of $1.57 billion, a P/E ratio of -18.29 and a beta of 1.46. Yext Inc has a 12-month low of $10.58 and a 12-month high of $27.19.

Yext (NYSE:YEXT) last posted its earnings results on Thursday, November 29th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $58.39 million. Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Research analysts anticipate that Yext Inc will post -0.83 earnings per share for the current year.

YEXT has been the subject of a number of research reports. SunTrust Banks initiated coverage on Yext in a report on Monday, August 13th. They issued a “buy” rating for the company. KeyCorp reiterated a “hold” rating on shares of Yext in a report on Thursday, August 30th. Morgan Stanley reiterated a “hold” rating and issued a $26.00 price target (up previously from $15.00) on shares of Yext in a report on Tuesday, September 18th. DA Davidson initiated coverage on Yext in a report on Monday, October 8th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Berenberg Bank initiated coverage on Yext in a report on Friday, November 16th. They issued a “buy” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.00.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Yext by 1.5% during the third quarter. BlackRock Inc. now owns 5,222,295 shares of the company’s stock worth $123,769,000 after buying an additional 75,164 shares during the period. Vanguard Group Inc. lifted its holdings in Yext by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,018,401 shares of the company’s stock worth $118,936,000 after buying an additional 48,661 shares during the period. Renaissance Technologies LLC lifted its holdings in Yext by 159.7% during the third quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock worth $49,265,000 after buying an additional 1,278,386 shares during the period. Capital International Investors purchased a new stake in Yext during the third quarter worth $44,201,000. Finally, Clearbridge Investments LLC lifted its holdings in Yext by 4.4% during the third quarter. Clearbridge Investments LLC now owns 1,157,588 shares of the company’s stock worth $27,435,000 after buying an additional 49,059 shares during the period. Institutional investors own 52.36% of the company’s stock.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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