Insider Buying: Yext, Inc. (NYSE:YEXT) Director Purchases 32,600 Shares of Stock

Yext, Inc. (NYSE:YEXT) Director Seth H. Waugh bought 32,600 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $6.65 per share, with a total value of $216,790.00. Following the transaction, the director now owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Yext Stock Up 1.4 %

YEXT stock opened at $6.63 on Friday. The stock has a market capitalization of $848.11 million, a price-to-earnings ratio of -132.60 and a beta of 1.17. Yext, Inc. has a 52-week low of $4.29 and a 52-week high of $7.53. The stock’s fifty day simple moving average is $5.51 and its 200-day simple moving average is $5.47.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Yext

Institutional investors and hedge funds have recently bought and sold shares of the stock. Williams & Novak LLC acquired a new stake in shares of Yext during the 2nd quarter worth $56,000. Canada Pension Plan Investment Board acquired a new position in Yext in the second quarter valued at $62,000. Victory Capital Management Inc. increased its stake in Yext by 23.1% during the fourth quarter. Victory Capital Management Inc. now owns 13,587 shares of the company’s stock worth $80,000 after acquiring an additional 2,547 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Yext by 27.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after purchasing an additional 3,385 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Yext by 36.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock worth $100,000 after purchasing an additional 4,946 shares during the period. 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.