Yext (YEXT) Trading Up 6.1%

Yext Inc (NYSE:YEXT) was up 6.1% during mid-day trading on Thursday . The company traded as high as $12.12 and last traded at $12.11. Approximately 834,800 shares changed hands during trading, an increase of 73% from the average daily volume of 483,229 shares. The stock had previously closed at $11.41.

A number of equities research analysts have recently issued reports on YEXT shares. Zacks Investment Research raised shares of Yext from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Yext from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. KeyCorp reissued a “buy” rating and set a $16.00 price objective on shares of Yext in a research report on Sunday, December 10th. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Yext in a research report on Friday, September 22nd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $17.00 price objective on shares of Yext in a research report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Yext has an average rating of “Hold” and a consensus target price of $16.20.

The firm has a market capitalization of $1,100.00 and a PE ratio of -12.83.

In related news, CEO Howard Lerman sold 4,039 shares of Yext stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $12.00, for a total transaction of $48,468.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tom Christopher Dixon sold 12,500 shares of Yext stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $11.95, for a total transaction of $149,375.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 576,299 shares of company stock valued at $7,082,516.

Several institutional investors and hedge funds have recently added to or reduced their stakes in YEXT. Royal Bank of Canada purchased a new position in shares of Yext during the 2nd quarter valued at $100,000. Cubist Systematic Strategies LLC purchased a new position in shares of Yext during the 2nd quarter valued at $146,000. Rhumbline Advisers purchased a new position in shares of Yext during the 2nd quarter valued at $164,000. Alliancebernstein L.P. purchased a new position in shares of Yext during the 2nd quarter valued at $172,000. Finally, New York State Common Retirement Fund purchased a new stake in Yext in the 2nd quarter worth $173,000. Institutional investors own 28.58% of the company’s stock.

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About Yext

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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