Yext, Inc. (NYSE:YEXT) Short Interest Update

Yext, Inc. (NYSE:YEXT) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,660,000 shares, a decrease of 18.6% from the March 15th total of 2,040,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 810,300 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their price objective on Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Yext currently has a consensus rating of “Moderate Buy” and an average target price of $11.20.

Yext Price Performance

Shares of Yext stock traded down $0.02 during midday trading on Friday, reaching $5.70. The company had a trading volume of 524,603 shares, compared to its average volume of 808,183. The stock has a fifty day moving average price of $5.95 and a 200 day moving average price of $6.03. The firm has a market cap of $711.76 million, a PE ratio of -285.00 and a beta of 1.26. Yext has a fifty-two week low of $5.22 and a fifty-two week high of $14.35.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $101.11 million for the quarter, compared to analyst estimates of $100.20 million. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. As a group, sell-side analysts forecast that Yext will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Yext

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Yext during the fourth quarter valued at approximately $13,102,000. Vanguard Group Inc. lifted its position in shares of Yext by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 13,086,232 shares of the company’s stock valued at $90,165,000 after buying an additional 1,909,294 shares during the last quarter. Millennium Management LLC lifted its position in shares of Yext by 61.4% during the 4th quarter. Millennium Management LLC now owns 3,176,422 shares of the company’s stock valued at $20,742,000 after buying an additional 1,208,030 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Yext by 241.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,698,300 shares of the company’s stock valued at $11,701,000 after buying an additional 1,201,600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Yext by 48.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,197,513 shares of the company’s stock valued at $20,240,000 after buying an additional 1,048,244 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.