Short Interest in Yext, Inc. (NYSE:YEXT) Drops By 17.3%

Yext, Inc. (NYSE:YEXT) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 3,240,000 shares, a decrease of 17.3% from the October 15th total of 3,920,000 shares. Based on an average daily volume of 851,900 shares, the short-interest ratio is presently 3.8 days. Currently, 3.1% of the company’s stock are short sold.

Yext Stock Down 1.4 %

Shares of Yext stock opened at $7.78 on Friday. The firm’s 50-day moving average price is $6.96 and its two-hundred day moving average price is $5.83. Yext has a 12-month low of $4.29 and a 12-month high of $8.14. The company has a market capitalization of $995.22 million, a price-to-earnings ratio of -155.60 and a beta of 1.17.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $97.90 million during the quarter, compared to analysts’ expectations of $98.15 million. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. During the same quarter in the previous year, the firm earned ($0.03) EPS. Yext’s revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that Yext will post 0.08 earnings per share for the current year.

Insider Transactions at Yext

In other news, Director Seth H. Waugh acquired 32,600 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the purchase, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in Yext by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock valued at $733,000 after buying an additional 1,861 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock valued at $143,000 after acquiring an additional 2,493 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Yext by 18.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after acquiring an additional 3,384 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Yext by 27.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after acquiring an additional 3,385 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after purchasing an additional 4,711 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Thursday, September 5th. DA Davidson raised their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, Roth Mkm reissued a “buy” rating and issued a $7.50 price target (down from $8.00) on shares of Yext in a report on Thursday, September 5th.

About Yext

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.