Yext Target of Unusually High Options Trading (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the recipient of some unusual options trading activity on Friday. Traders acquired 15,000 put options on the stock. This represents an increase of approximately 1,986% compared to the average daily volume of 719 put options.

Wall Street Analysts Forecast Growth

YEXT has been the topic of a number of research reports. DA Davidson upped their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Yext in a research report on Thursday. Finally, Roth Mkm reissued a “buy” rating and issued a $10.50 target price (up from $7.50) on shares of Yext in a research note on Tuesday, December 10th.

Yext Trading Down 2.4 %

Shares of NYSE:YEXT traded down $0.16 during trading on Friday, hitting $6.33. 991,125 shares of the company’s stock were exchanged, compared to its average volume of 900,802. The firm has a market cap of $807.20 million, a P/E ratio of -42.17 and a beta of 1.26. The firm has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $6.41. Yext has a 1-year low of $4.29 and a 1-year high of $8.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in YEXT. Wilmington Savings Fund Society FSB bought a new stake in Yext in the third quarter valued at about $38,000. Canada Pension Plan Investment Board bought a new stake in shares of Yext in the 2nd quarter valued at about $62,000. Quantinno Capital Management LP acquired a new stake in Yext in the third quarter worth $76,000. Balboa Wealth Partners acquired a new stake in Yext during the 3rd quarter worth $114,000. Finally, Dark Forest Capital Management LP bought a new position in Yext during the second quarter worth about $125,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.