Yext, Inc. (NYSE:YEXT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Yext, Inc. (NYSE:YEXT) by 66.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,342 shares of the company’s stock after selling 64,897 shares during the quarter. SG Americas Securities LLC’s holdings in Yext were worth $231,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Williams & Novak LLC acquired a new position in Yext in the 2nd quarter valued at $56,000. Canada Pension Plan Investment Board purchased a new stake in shares of Yext during the 2nd quarter worth $62,000. 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 worth $83,000 after purchasing an additional 3,385 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position 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 in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Yext during the 2nd quarter worth $125,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Yext

In other news, Director Seth H. Waugh bought 32,600 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, with a total value of $216,790.00. Following the purchase, the director now owns 153,350 shares of the company’s stock, valued at $1,019,777.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Yext Price Performance

Yext stock opened at $7.14 on Tuesday. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $7.53. The firm’s 50-day simple moving average is $6.04 and its 200 day simple moving average is $5.58. The firm has a market capitalization of $900.00 million, a PE ratio of -141.80 and a beta of 1.19.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts expect that Yext, Inc. will post 0.08 EPS for the current fiscal year.

Yext 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.