Yext Inc (NYSE:YEXT) insider Jim Steele sold 9,189 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $10.09, for a total transaction of $92,717.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jim Steele also recently made the following trade(s):
- On Monday, February 24th, Jim Steele sold 5,000 shares of Yext stock. The shares were sold at an average price of $15.90, for a total transaction of $79,500.00.
- On Monday, February 10th, Jim Steele sold 5,000 shares of Yext stock. The stock was sold at an average price of $15.70, for a total transaction of $78,500.00.
Shares of NYSE YEXT opened at $11.32 on Friday. The business’s 50 day moving average price is $14.28 and its 200 day moving average price is $15.29. The firm has a market cap of $1.29 billion, a P/E ratio of -10.39 and a beta of 0.98. Yext Inc has a 52 week low of $9.57 and a 52 week high of $22.65. The company has a quick ratio of 1.98, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. Yext had a negative net margin of 40.67% and a negative return on equity of 55.70%. The company had revenue of $81.38 million for the quarter, compared to the consensus estimate of $80.21 million. During the same quarter in the prior year, the company earned ($0.03) EPS. Yext’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, research analysts expect that Yext Inc will post -1.09 earnings per share for the current year.
Several research firms have weighed in on YEXT. Oppenheimer dropped their target price on shares of Yext from $26.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Morgan Stanley lowered their price objective on shares of Yext from $15.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada lowered their price objective on shares of Yext from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. ValuEngine raised shares of Yext from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. Finally, Zacks Investment Research raised Yext from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $18.31.
Several hedge funds have recently added to or reduced their stakes in YEXT. Russell Investments Group Ltd. purchased a new position in shares of Yext during the third quarter worth $60,000. Bullseye Asset Management LLC purchased a new stake in Yext in the fourth quarter valued at $69,000. Great West Life Assurance Co. Can boosted its holdings in Yext by 191.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 12,296 shares of the company’s stock valued at $176,000 after purchasing an additional 8,072 shares during the last quarter. Millennium Management LLC grew its position in Yext by 67.2% during the 3rd quarter. Millennium Management LLC now owns 12,439 shares of the company’s stock worth $197,000 after purchasing an additional 4,999 shares during the period. Finally, Bank of Montreal Can grew its position in Yext by 42.2% during the 4th quarter. Bank of Montreal Can now owns 12,807 shares of the company’s stock worth $184,000 after purchasing an additional 3,800 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.
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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