Investors Purchase High Volume of Yext Call Options (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) saw some unusual options trading on Tuesday. Stock traders acquired 7,635 call options on the stock. This is an increase of approximately 975% compared to the typical daily volume of 710 call options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in Yext in the third quarter worth $38,000. Canada Pension Plan Investment Board bought a new stake in shares of Yext during the 2nd quarter worth about $62,000. Quantinno Capital Management LP acquired a new position in shares of Yext during the 3rd quarter valued at about $76,000. Balboa Wealth Partners bought a new position in shares of Yext in the 3rd quarter valued at approximately $114,000. Finally, Dark Forest Capital Management LP bought a new stake in Yext during the second quarter worth approximately $125,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Shares of YEXT opened at $6.36 on Thursday. The firm has a market cap of $811.67 million, a PE ratio of -42.40 and a beta of 1.20. The firm’s 50 day moving average price is $7.39 and its 200 day moving average price is $6.31. Yext has a twelve month low of $4.29 and a twelve month high of $8.75.

Analyst Ratings Changes

Several analysts recently commented on YEXT shares. DA Davidson raised their price target on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reissued a “buy” rating and set a $10.50 target price (up previously from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Finally, Needham & Company LLC upped their price target on shares of Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

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.