Investors Purchase High Volume of Yext Put Options (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the target of some unusual options trading on Wednesday. Traders bought 41,965 put options on the company. This is an increase of approximately 4,653% compared to the typical volume of 883 put options.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of 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 set a $9.50 price target (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Yext in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Yext

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Yext by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock worth $100,906,000 after buying an additional 204,329 shares during the last quarter. Potrero Capital Research LLC grew its position in Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after acquiring an additional 900,975 shares during the last quarter. Tenzing Global Management LLC grew its position in Yext by 20.8% during the 4th 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 increased its holdings in Yext by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company’s stock worth $15,347,000 after purchasing an additional 27,452 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new position in Yext in the fourth quarter valued at about $13,026,000. Institutional investors own 70.98% of the company’s stock.

Yext Stock Down 0.1 %

Shares of YEXT stock traded down $0.01 on Wednesday, reaching $6.61. The company had a trading volume of 800,239 shares, compared to its average volume of 639,942. The business’s 50-day moving average is $6.52 and its 200 day moving average is $6.73. Yext has a one year low of $4.29 and a one year high of $8.75. The stock has a market capitalization of $842.94 million, a PE ratio of -44.03 and a beta of 1.34.

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.