Yext (NYSE:YEXT) Stock Price Up 3% – What’s Next?

Yext, Inc. (NYSE:YEXT) traded up 3% during mid-day trading on Thursday . The stock traded as high as $6.94 and last traded at $6.89. 330,404 shares were traded during trading, a decline of 64% from the average session volume of 908,975 shares. The stock had previously closed at $6.69.

Analyst Ratings Changes

YEXT has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Thursday, September 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $7.50 target price (down from $8.00) on shares of Yext in a research note on Thursday, September 5th.

Yext Trading Up 2.3 %

The company has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.55.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Research analysts expect that Yext, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Seth H. Waugh acquired 32,600 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares in the company, valued at $1,019,777.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Yext

Several hedge funds have recently modified their holdings of the company. Algert Global LLC grew its holdings in shares of Yext by 410.4% during the second quarter. Algert Global LLC now owns 317,046 shares of the company’s stock worth $1,696,000 after purchasing an additional 254,924 shares during the last quarter. Lynrock Lake LP lifted its position in Yext by 23.8% during the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after buying an additional 1,591,791 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Yext by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after acquiring an additional 2,493 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Yext by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after acquiring an additional 526,043 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Yext in the second quarter worth about $125,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.