Yext (NYSE:YEXT) Short Interest Update

Yext (NYSE:YEXT) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 16,851,459 shares, a growth of 68.6% from the February 26th total of 9,996,492 shares. Based on an average daily trading volume, of 4,017,496 shares, the days-to-cover ratio is currently 4.2 days. Approximately 14.4% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and set a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. B. Riley Financial dropped their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Roth Mkm downgraded shares of Yext from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Yext presently has a consensus rating of “Hold” and an average price target of $7.50.

Institutional Investors Weigh In On Yext

Several hedge funds and other institutional investors have recently modified their holdings of YEXT. Invesco Ltd. grew its holdings in Yext by 13.6% during the fourth quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock valued at $1,508,000 after purchasing an additional 22,471 shares during the period. Lynrock Lake LP lifted its position in shares of Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after buying an additional 2,861,653 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Yext by 24.0% during the 4th quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock valued at $1,331,000 after acquiring an additional 32,010 shares during the period. SummitTX Capital L.P. bought a new position in shares of Yext during the 4th quarter valued at approximately $724,000. Finally, Quadrature Capital Ltd increased its holdings in Yext by 331.6% in the 4th quarter. Quadrature Capital Ltd now owns 54,362 shares of the company’s stock worth $438,000 after acquiring an additional 41,768 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Performance

Shares of NYSE YEXT traded down $0.30 during midday trading on Friday, hitting $3.97. 3,344,268 shares of the company’s stock traded hands, compared to its average volume of 5,510,940. Yext has a 1 year low of $3.95 and a 1 year high of $9.20. The stock has a market capitalization of $489.08 million, a price-to-earnings ratio of 66.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day moving average of $5.73 and a 200 day moving average of $7.46.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $114.21 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that Yext will post -0.12 earnings per share for the current year.

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.