OP Asset Management Ltd Invests $3.92 Million in Yext $YEXT

OP Asset Management Ltd acquired a new stake in shares of Yext (NYSE:YEXT) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,019,573 shares of the company’s stock, valued at approximately $3,915,000.

A number of other institutional investors have also recently made changes to their positions in YEXT. Haven Private LLC grew its stake in Yext by 3.3% during the 4th quarter. Haven Private LLC now owns 59,248 shares of the company’s stock worth $478,000 after buying an additional 1,886 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Yext by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after buying an additional 2,016 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after acquiring an additional 2,784 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Yext by 15.3% during the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock valued at $211,000 after acquiring an additional 3,292 shares in the last quarter. Finally, Creative Planning raised its position in shares of Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after purchasing an additional 3,789 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on YEXT. Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. B. Riley Financial cut their price target on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. DA Davidson reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.50.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh bought 133,000 shares of Yext stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the transaction, the chief accounting officer owned 7,848 shares of the company’s stock, valued at $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.80% of the stock is owned by corporate insiders.

Yext Trading Up 7.0%

Shares of NYSE:YEXT opened at $4.44 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The stock has a market cap of $445.01 million, a price-to-earnings ratio of 63.41 and a beta of 1.16. The business has a 50-day moving average price of $3.89 and a 200-day moving average price of $5.40.

Yext (NYSE:YEXT) last issued its earnings results on Tuesday, June 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Yext had a return on equity of 43.47% and a net margin of 8.93%.The firm had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Yext’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts predict that Yext will post 0.41 EPS for the current year.

Yext Profile

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.