Yext Sees Unusually Large Options Volume (NYSE:YEXT)

Yext (NYSE:YEXT) was the target of unusually large options trading on Friday. Investors purchased 10,002 put options on the stock. This represents an increase of 178% compared to the average daily volume of 3,596 put options.

Insider Activity

In related news, CAO Allan Tang sold 10,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the sale, the chief accounting officer directly owned 7,848 shares in the company, valued at approximately $28,409.76. This trade represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Yext

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Advisors LLC grew its position in shares of Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Yext in the third quarter valued at about $48,000. New York State Teachers Retirement System grew its position in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after purchasing an additional 9,253 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Yext in the first quarter valued at about $38,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Yext in the fourth quarter valued at about $82,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on YEXT. DA Davidson reiterated a “neutral” rating and set a $6.00 price objective on shares of Yext in a report on Wednesday, March 11th. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. B. Riley Financial cut their price objective on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.50.

Yext Stock Down 2.1%

NYSE YEXT traded down $0.08 during trading on Friday, hitting $3.48. 509,202 shares of the company traded hands, compared to its average volume of 2,720,069. Yext has a 12 month low of $3.29 and a 12 month high of $9.20. The business has a fifty day simple moving average of $4.25 and a 200 day simple moving average of $6.38. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $347.88 million, a P/E ratio of 58.26 and a beta of 1.14.

Yext (NYSE:YEXT) last posted its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Yext will post 0.31 EPS for the current year.

About Yext

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.