Yext (YEXT) Sets New 52-Week High and Low at $19.19

Yext Inc (NYSE:YEXT) shares reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $19.19 and last traded at $19.30, with a volume of 80812 shares. The stock had previously closed at $18.72.

Several brokerages have recently commented on YEXT. Morgan Stanley increased their target price on Yext from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Friday, June 1st. KeyCorp increased their target price on Yext from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, May 31st. Piper Jaffray Companies restated a “buy” rating and set a $16.00 target price on shares of Yext in a report on Friday, March 9th. Finally, Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.75.

The firm has a market capitalization of $1.79 billion, a P/E ratio of -22.86 and a beta of 0.40.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, May 31st. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $51.10 million for the quarter, compared to analysts’ expectations of $49.35 million. Yext had a negative return on equity of 81.00% and a negative net margin of 37.24%. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. research analysts expect that Yext Inc will post -0.7 earnings per share for the current year.

In related news, CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $11.93, for a total value of $357,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven Cakebread sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $17.70, for a total value of $354,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 989,781 shares of company stock worth $13,931,359. 20.80% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of YEXT. Teacher Retirement System of Texas acquired a new stake in shares of Yext during the fourth quarter worth about $131,000. MetLife Investment Advisors LLC acquired a new stake in shares of Yext during the fourth quarter worth about $140,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Yext during the fourth quarter worth about $169,000. BB&T Securities LLC acquired a new stake in shares of Yext during the first quarter worth about $180,000. Finally, Dynamic Advisors Solutions LLC acquired a new stake in shares of Yext during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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