Yext, Inc. (NYSE:YEXT) Director Seth H. Waugh Purchases 32,600 Shares

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

Yext Trading Up 0.7 %

YEXT traded up $0.04 on Thursday, reaching $6.55. The company had a trading volume of 665,015 shares, compared to its average volume of 917,806. Yext, Inc. has a one year low of $4.29 and a one year high of $7.53. The company has a market capitalization of $837.24 million, a P/E ratio of -130.00 and a beta of 1.17. The company has a fifty day moving average of $5.45 and a 200-day moving average of $5.46.

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

Hedge Funds Weigh In On Yext

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Yext by 1.6% during 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 holdings in 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. Victory Capital Management Inc. boosted its position in shares of Yext by 23.1% during the 4th quarter. Victory Capital Management Inc. now owns 13,587 shares of the company’s stock valued at $80,000 after purchasing an additional 2,547 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Yext by 27.8% during 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, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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