Yext, Inc. (NYSE:YEXT) Sees Significant Decrease in Short Interest

Yext, Inc. (NYSE:YEXT) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 3,240,000 shares, a decrease of 17.3% from the October 15th total of 3,920,000 shares. Based on an average trading volume of 851,900 shares, the short-interest ratio is currently 3.8 days. Approximately 3.1% of the company’s stock are sold short.

Insider Buying and Selling

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the transaction, the director now owns 153,350 shares in the company, valued at $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Yext

A number of hedge funds and other institutional investors have recently made changes to their positions in YEXT. Williams & Novak LLC bought a new position in Yext in the 2nd quarter valued at $56,000. Canada Pension Plan Investment Board bought a new position in Yext in the second quarter valued at about $62,000. Quantinno Capital Management LP acquired a new stake in Yext in the third quarter worth about $76,000. Dynamic Advisor Solutions LLC raised its holdings in Yext by 27.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after purchasing an additional 3,385 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Yext by 36.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock valued at $100,000 after purchasing an additional 4,946 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Stock Down 1.3 %

Shares of NYSE YEXT traded down $0.10 during midday trading on Friday, reaching $7.79. 478,025 shares of the company traded hands, compared to its average volume of 874,903. Yext has a 12 month low of $4.29 and a 12 month high of $8.14. The stock’s 50-day simple moving average is $6.93 and its 200-day simple moving average is $5.82.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. As a group, equities research analysts expect that Yext will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on YEXT shares. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective (down previously from $8.00) on shares of Yext in a research report on Thursday, September 5th. DA Davidson upped their price target on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Thursday, September 5th.

Yext Company Profile

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.