Yext Sees Unusually Large Options Volume (NYSE:YEXT)

Yext, Inc. (NYSE:YEXTGet Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors bought 15,603 put options on the stock. This represents an increase of 3,801% compared to the average volume of 400 put options.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their target price on shares of Yext from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.20.

Read Our Latest Stock Report on Yext

Yext Stock Performance

YEXT stock traded up $0.20 during trading on Wednesday, reaching $6.08. 392,712 shares of the company were exchanged, compared to its average volume of 800,213. The company has a market cap of $759.21 million, a P/E ratio of -293.50 and a beta of 1.26. Yext has a 52-week low of $5.22 and a 52-week high of $14.35. The stock’s 50 day moving average price is $6.00 and its 200 day moving average price is $6.05.

Yext (NYSE:YEXTGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. Yext had a negative net margin of 0.65% and a negative return on equity of 1.87%. The firm had revenue of $101.11 million during the quarter, compared to analyst estimates of $100.20 million. As a group, equities research analysts forecast that Yext will post 0.06 EPS for the current year.

Institutional Trading of Yext

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE grew its position in Yext by 311.6% in the 2nd quarter. US Bancorp DE now owns 2,227 shares of the company’s stock valued at $25,000 after buying an additional 1,686 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Yext during the 2nd quarter valued at about $27,000. Quarry LP bought a new position in shares of Yext during the 2nd quarter valued at about $30,000. International Assets Investment Management LLC bought a new position in shares of Yext during the 3rd quarter valued at about $25,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Yext during the 3rd quarter valued at about $32,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Company Profile

(Get Free Report)

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.

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