Yext (NYSE:YEXT) Reaches New 12-Month High at $9.84

Yext, Inc. (NYSE:YEXT – Get Rating) hit a new 52-week high on Friday . The company traded as high as $9.84 and last traded at $9.55, with a volume of 264629 shares traded. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

YEXT has been the subject of a number of analyst reports. DA Davidson upped their price objective on Yext from $6.50 to $10.00 in a research note on Thursday, March 9th. Roth Capital restated a “neutral” rating on shares of Yext in a research note on Wednesday, March 8th.

Yext Price Performance

The business has a fifty day moving average price of $7.47 and a two-hundred day moving average price of $6.03. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -17.63 and a beta of 1.13.

Yext (NYSE:YEXT – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $101.90 million for the quarter, compared to analyst estimates of $100.15 million. Yext had a negative return on equity of 44.78% and a negative net margin of 16.45%. On average, research analysts predict that Yext, Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling

In other Yext news, Director Brian Distelburger sold 45,625 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $6.13, for a total value of $279,681.25. Following the sale, the director now directly owns 3,070,805 shares of the company’s stock, valued at $18,824,034.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Yext news, General Counsel Ho Shin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $6.41, for a total value of $128,200.00. Following the sale, the general counsel now directly owns 84,471 shares of the company’s stock, valued at $541,459.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Distelburger sold 45,625 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $6.13, for a total value of $279,681.25. Following the completion of the sale, the director now directly owns 3,070,805 shares in the company, valued at $18,824,034.65. The disclosure for this sale can be found here. Insiders have sold a total of 88,425 shares of company stock valued at $547,645 over the last ninety days. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Yext

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Yext during the third quarter worth approximately $28,000. Metropolitan Life Insurance Co NY lifted its position in Yext by 39.0% during the third quarter. Metropolitan Life Insurance Co NY now owns 6,956 shares of the company’s stock worth $31,000 after buying an additional 1,950 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Yext by 55.2% during the third quarter. Tower Research Capital LLC TRC now owns 9,429 shares of the company’s stock worth $42,000 after buying an additional 3,355 shares in the last quarter. Good Life Advisors LLC purchased a new position in Yext during the third quarter worth approximately $45,000. Finally, Mackenzie Financial Corp purchased a new position in Yext during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 65.85% of the company’s stock.

Yext Company Profile

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Yext, Inc is an emerging growth company engaged in software development. It offers a cloud-based digital knowledge platform, which allows businesses to manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.