Yext Sees Unusually High Options Volume (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 15,000 put options on the stock. This represents an increase of approximately 1,986% compared to the average volume of 719 put options.

Wall Street Analyst Weigh In

Several research firms recently weighed in on YEXT. Roth Mkm reaffirmed a “buy” rating and set a $10.50 target price (up from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Yext in a research report on Thursday. Finally, DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

Institutional Trading of Yext

A number of large investors have recently made changes to their positions in YEXT. SG Americas Securities LLC grew its position in Yext by 38.5% in the fourth quarter. SG Americas Securities LLC now owns 46,183 shares of the company’s stock worth $294,000 after acquiring an additional 12,841 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 356,324 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext in the 3rd quarter worth approximately $38,000. Barclays PLC boosted its holdings in shares of Yext by 137.3% in the 3rd quarter. Barclays PLC now owns 238,361 shares of the company’s stock worth $1,650,000 after purchasing an additional 137,921 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after purchasing an additional 38,305 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Yext Stock Down 2.4 %

Yext stock opened at $6.33 on Friday. Yext has a 52-week low of $4.29 and a 52-week high of $8.75. The firm’s fifty day moving average is $7.20 and its 200 day moving average is $6.42. The company has a market cap of $807.20 million, a price-to-earnings ratio of -42.17 and a beta of 1.26.

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.