Yext Sees Unusually Large Options Volume (NYSE:YEXT)

Yext Inc (NYSE:YEXT) was the recipient of unusually large options trading activity on Thursday. Investors purchased 4,819 call options on the company. This represents an increase of approximately 1,401% compared to the average volume of 321 call options.

Several equities analysts have weighed in on YEXT shares. Oppenheimer set a $26.00 price objective on Yext and gave the company a “buy” rating in a report on Friday, August 30th. ValuEngine lowered Yext from a “buy” rating to a “hold” rating in a report on Tuesday. SunTrust Banks set a $30.00 price target on Yext and gave the stock a “buy” rating in a research report on Monday, August 26th. Berenberg Bank set a $27.00 price target on Yext and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their price objective on shares of Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.20.

Shares of Yext stock opened at $16.60 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.95 billion, a PE ratio of -21.84 and a beta of 1.29. The company has a 50 day moving average of $16.17 and a 200-day moving average of $18.21. Yext has a 1-year low of $12.90 and a 1-year high of $23.32.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.13. Yext had a negative return on equity of 57.48% and a negative net margin of 33.57%. The company had revenue of $76.40 million for the quarter, compared to analyst estimates of $76.37 million. During the same quarter last year, the company posted ($0.12) EPS. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Research analysts forecast that Yext will post -0.97 earnings per share for the current year.

In related news, Director Andrew T. Sheehan sold 78,140 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $15.20, for a total value of $1,187,728.00. Also, CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $16.34, for a total value of $163,400.00. Insiders have sold 754,988 shares of company stock worth $14,679,202 over the last ninety days. Insiders own 17.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new position in Yext in the second quarter valued at about $30,000. Parallel Advisors LLC acquired a new position in Yext during the third quarter worth about $47,000. Russell Investments Group Ltd. bought a new position in shares of Yext in the third quarter worth about $60,000. Tower Research Capital LLC TRC bought a new position in shares of Yext in the second quarter worth about $80,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Yext by 23.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,015 shares of the company’s stock valued at $80,000 after purchasing an additional 948 shares in the last quarter. 63.04% of the stock is currently owned by institutional investors and hedge funds.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

Further Reading: What is the Russell 2000 Index?

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit