Yext Target of Unusually High Options Trading (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the recipient of some unusual options trading on Friday. Investors purchased 15,000 put options on the stock. This represents an increase of 1,986% compared to the typical volume of 719 put options.

Yext Price Performance

NYSE:YEXT opened at $6.33 on Friday. The firm has a 50-day moving average of $7.20 and a two-hundred day moving average of $6.43. The stock has a market cap of $807.20 million, a P/E ratio of -42.17 and a beta of 1.26. Yext has a 1-year low of $4.29 and a 1-year high of $8.75.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YEXT. DA Davidson increased their price target on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reiterated a “buy” rating and issued a $10.50 price target (up from $7.50) on shares of Yext in a report on Tuesday, December 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Yext in a research report on Thursday.

Hedge Funds Weigh In On Yext

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YEXT. Wilmington Savings Fund Society FSB bought a new position in shares of Yext during the third quarter worth about $38,000. Canada Pension Plan Investment Board bought a new position in shares of Yext during the second quarter worth about $62,000. Quantinno Capital Management LP bought a new position in shares of Yext during the third quarter worth about $76,000. Balboa Wealth Partners bought a new position in shares of Yext during the third quarter worth about $114,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Yext during the second quarter worth about $125,000. 70.98% of the stock is owned by hedge funds and other 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.