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

Yext, Inc. (NYSE:YEXT) Director Seth H. Waugh bought 32,600 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the purchase, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Yext Stock Performance

YEXT stock opened at $6.55 on Friday. The firm has a market cap of $837.24 million, a PE ratio of -130.90 and a beta of 1.17. The firm’s 50 day moving average price is $5.48 and its 200-day moving average price is $5.47. Yext, Inc. has a one year low of $4.29 and a one year high of $7.53.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 net margin of 1.68% and a negative return on equity of 3.35%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. Equities research analysts predict that Yext, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Yext

Several institutional investors have recently made changes to their positions in YEXT. Williams & Novak LLC purchased a new stake in shares of Yext during the 2nd quarter valued at approximately $56,000. Canada Pension Plan Investment Board acquired a new position in shares of Yext in the second quarter worth $62,000. Victory Capital Management Inc. grew its stake in shares of Yext by 23.1% in 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 in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Yext by 36.2% in the second quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock worth $100,000 after acquiring an additional 4,946 shares in the last quarter. 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.