Insider Selling: Yext (NYSE:YEXT) General Counsel Sells $191,700.00 in Stock

Yext (NYSE:YEXT) General Counsel Ho Shin sold 30,000 shares of the business’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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Yext Trading Up 1.5%

Shares of Yext stock traded up $0.10 during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 780,579 shares, compared to its average volume of 2,023,946. The firm has a 50-day moving average of $5.81 and a two-hundred day moving average of $4.81. The firm has a market cap of $630.99 million, a P/E ratio of 37.50 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14. Yext has a 12-month low of $3.27 and a 12-month high of $9.03.

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

Analysts Set New Price Targets

Several brokerages have recently commented on YEXT. B. Riley Financial upped their price target on Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a research note on Monday, August 31st. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Finally, B Riley reissued a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Yext has an average rating of “Reduce” and a consensus target price of $6.33.

Institutional Trading of Yext

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in shares of Yext in the second quarter valued at approximately $31,000. New York State Teachers Retirement System grew its holdings in shares of Yext by 9,253.0% in the first 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. Clearstead Advisors LLC increased its stake in Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after buying an additional 2,784 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Yext during the 1st quarter worth approximately $38,000. Finally, Legal & General Group Plc acquired a new stake in Yext during the 2nd quarter worth approximately $39,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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.