Short Interest in Yext, Inc. (NYSE:YEXT) Declines By 12.4%

Yext, Inc. (NYSE:YEXT) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,760,000 shares, a decrease of 12.4% from the February 28th total of 2,010,000 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 746,600 shares, the days-to-cover ratio is currently 2.4 days.

Yext Trading Down 2.9 %

Shares of YEXT traded down $0.18 during mid-day trading on Thursday, hitting $6.02. 223,221 shares of the company’s stock were exchanged, compared to its average volume of 876,015. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The business’s 50 day moving average is $6.46 and its two-hundred day moving average is $6.84. The firm has a market capitalization of $761.44 million, a P/E ratio of -40.13 and a beta of 1.20.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The company had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $112.77 million. On average, equities research analysts forecast that Yext will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on YEXT shares. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price target (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson upped their target price on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a research report on Thursday.

Hedge Funds Weigh In On Yext

A number of large investors have recently bought and sold shares of the company. Pathstone Holdings LLC purchased a new stake in shares of Yext in the fourth quarter valued at about $13,026,000. Tenzing Global Management LLC boosted its holdings in Yext by 133.3% in the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $14,532,000 after purchasing an additional 1,200,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Yext by 160.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock worth $11,183,000 after purchasing an additional 1,082,153 shares during the period. Potrero Capital Research LLC raised its stake in shares of Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after buying an additional 900,975 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Yext by 224.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock valued at $3,565,000 after buying an additional 356,324 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Company Profile

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.