Traders Buy Large Volume of Yext Put Options (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the recipient of unusually large options trading on Wednesday. Investors bought 41,965 put options on the stock. This is an increase of 4,653% compared to the typical daily volume of 883 put options.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Yext during the third quarter worth about $38,000. KBC Group NV bought a new position in shares of Yext during the 4th quarter worth approximately $47,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Yext in the 4th quarter worth approximately $64,000. EntryPoint Capital LLC bought a new position in shares of Yext in the fourth quarter valued at approximately $67,000. Finally, Virtu Financial LLC purchased a new stake in shares of Yext during the fourth quarter valued at approximately $67,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YEXT. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Yext in a research report on Wednesday, February 12th. 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. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Stock Performance

YEXT stock opened at $6.55 on Thursday. The stock’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.73. The company has a market cap of $835.28 million, a P/E ratio of -43.63 and a beta of 1.34. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Equities analysts predict that Yext will post -0.12 earnings per share for the current year.

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.