Yext (NYSE:YEXT) Sets New 1-Year High – Time to Buy?

Yext, Inc. (NYSE:YEXT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $8.75 and last traded at $8.75, with a volume of 236 shares changing hands. The stock had previously closed at $8.26.

Analysts Set New Price Targets

YEXT has been the topic of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $7.50 target price (down previously from $8.00) on shares of Yext in a report on Thursday, September 5th. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Thursday, September 5th. Finally, DA Davidson lifted their target price on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th.

Yext Price Performance

The company has a 50-day simple moving average of $7.29 and a 200-day simple moving average of $6.02. The stock has a market cap of $1.12 billion, a PE ratio of -165.20 and a beta of 1.20.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $97.90 million during the quarter, compared to the consensus estimate 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 was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. On average, equities analysts expect that Yext, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Yext

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of Yext stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the acquisition, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Yext

A number of institutional investors and hedge funds have recently bought and sold shares of YEXT. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext during the third quarter valued at approximately $38,000. Williams & Novak LLC acquired a new stake in shares of Yext during the second quarter worth $56,000. Canada Pension Plan Investment Board purchased a new stake in shares of Yext in the second quarter valued at $62,000. Quantinno Capital Management LP acquired a new position in Yext in the third quarter valued at $76,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after buying an additional 3,385 shares during the period. 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.