Yext (NYSE:YEXT) Short Interest Update

Yext (NYSE:YEXT) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 7,614,201 shares, a growth of 90.9% from the January 29th total of 3,988,600 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average trading volume of 3,638,051 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 3,638,051 shares, the short-interest ratio is currently 2.1 days. Currently, 6.5% of the shares of the stock are short sold.

Institutional Trading of Yext

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC boosted its position in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after acquiring an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Yext in the 3rd quarter valued at about $48,000. Landscape Capital Management L.L.C. acquired a new position in Yext in the 4th quarter valued at about $82,000. MQS Management LLC purchased a new stake in shares of Yext in the 4th quarter valued at approximately $86,000. Finally, Optas LLC acquired a new stake in shares of Yext during the 4th quarter worth approximately $88,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Stock Up 1.6%

Shares of NYSE YEXT opened at $5.67 on Friday. The stock has a market cap of $697.14 million, a PE ratio of -566.53 and a beta of 0.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. Yext has a 12-month low of $4.66 and a 12-month high of $9.20. The company has a 50-day moving average of $6.86 and a 200 day moving average of $7.98.

Yext (NYSE:YEXT) last issued its earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The business had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on YEXT. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings upgraded Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 13th. Finally, DA Davidson decreased their target price on Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.67.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.