Ropes Wealth Advisors LLC bought a new stake in shares of Yext Inc (NYSE:YEXT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the company’s stock, valued at approximately $33,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Yext by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,018,401 shares of the company’s stock valued at $118,936,000 after purchasing an additional 48,661 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Yext by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 5,018,401 shares of the company’s stock worth $118,936,000 after buying an additional 48,661 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Yext in the 4th quarter worth $187,000. Jane Street Group LLC purchased a new position in shares of Yext in the 3rd quarter worth $970,000. Finally, Eaton Vance Management purchased a new position in shares of Yext in the 4th quarter worth $2,643,000. Institutional investors and hedge funds own 53.85% of the company’s stock.
In other news, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $23.04, for a total value of $691,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tom Christopher Dixon sold 5,000 shares of Yext stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $14.32, for a total value of $71,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 637,850 shares of company stock worth $12,408,751. Insiders own 20.80% of the company’s stock.
NYSE:YEXT opened at $21.50 on Wednesday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -28.29 and a beta of 0.94. Yext Inc has a 52 week low of $12.82 and a 52 week high of $27.19.
Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. The business had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $62.77 million. Yext had a negative return on equity of 101.77% and a negative net margin of 34.74%. The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. On average, equities research analysts predict that Yext Inc will post -0.85 EPS for the current year.
YEXT has been the topic of a number of research reports. Morgan Stanley downgraded Yext from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $18.00 to $15.00 in a research note on Tuesday, January 15th. Oppenheimer assumed coverage on Yext in a report on Thursday, January 24th. They issued an “outperform” rating and a $23.00 target price on the stock. SunTrust Banks reissued a “buy” rating and set a $30.00 price target on shares of Yext in a report on Monday, March 18th. Finally, Zacks Investment Research raised Yext from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.13.
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Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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