Yext (NYSE:YEXT) Sets New 12-Month High – Still a Buy?

Shares of Yext, Inc. (NYSE:YEXT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.17 and last traded at $8.15, with a volume of 119550 shares traded. The stock had previously closed at $7.95.

Analyst Ratings Changes

YEXT has been the subject of several recent analyst reports. 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. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Thursday, September 5th. Finally, DA Davidson upped their price target 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.

Yext Stock Up 5.8 %

The firm has a 50 day moving average of $7.10 and a two-hundred day moving average of $5.92.

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

Insider Transactions at Yext

In related news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the transaction, the director now directly owns 153,350 shares of the company’s stock, valued at $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in YEXT. Russell Investments Group Ltd. grew its holdings in shares of Yext by 1.6% during the first quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock worth $733,000 after buying an additional 1,861 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Yext by 53.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock worth $5,537,000 after acquiring an additional 321,812 shares during the period. Price T Rowe Associates Inc. MD raised 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 valued at $306,000 after acquiring an additional 4,711 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Yext by 652.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock worth $2,056,000 after purchasing an additional 295,658 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in shares of Yext by 67.0% during the first quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock worth $9,069,000 after purchasing an additional 603,598 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.