Short Interest in Yext, Inc. (NYSE:YEXT) Decreases By 12.4%

Yext, Inc. (NYSE:YEXT) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,760,000 shares, a decrease of 12.4% from the February 28th total of 2,010,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 746,600 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

A number of research analysts have weighed in on YEXT shares. DA Davidson raised their price objective on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reissued a “buy” rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Yext by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock valued at $100,906,000 after buying an additional 204,329 shares during the period. Potrero Capital Research LLC raised its holdings in Yext by 36.0% in the third quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock valued at $23,559,000 after acquiring an additional 900,975 shares in the last quarter. Tenzing Global Management LLC lifted its stake in Yext by 20.8% in the fourth quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company’s stock worth $16,138,000 after acquiring an additional 437,500 shares during the last quarter. Geode Capital Management LLC grew its holdings in Yext by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company’s stock worth $15,347,000 after acquiring an additional 27,452 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in shares of Yext in the 4th quarter valued at approximately $13,026,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Trading Down 2.9 %

YEXT traded down $0.18 during mid-day trading on Thursday, hitting $6.02. 223,221 shares of the stock were exchanged, compared to its average volume of 876,015. The firm’s fifty day moving average is $6.46 and its two-hundred day moving average is $6.84. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market cap of $761.44 million, a PE ratio of -40.13 and a beta of 1.20.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). The business had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, research analysts anticipate that Yext will post -0.12 earnings per share for the current year.

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.