Yext (NYSE:YEXT) Short Interest Down 49.6% in April

Yext (NYSE:YEXT) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 5,624,687 shares, a drop of 49.6% from the March 31st total of 11,164,014 shares. Based on an average daily trading volume, of 2,662,502 shares, the short-interest ratio is currently 2.1 days. Approximately 4.8% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Insider Transactions at Yext

In other Yext news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the sale, the chief accounting officer owned 7,848 shares of the company’s stock, valued at approximately $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by insiders.

Institutional Trading of Yext

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. lifted its stake in shares of Yext by 33.8% in the third quarter. Hillsdale Investment Management Inc. now owns 791,130 shares of the company’s stock valued at $6,740,000 after buying an additional 199,730 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Yext during the third quarter worth about $11,121,000. Alberta Investment Management Corp bought a new stake in shares of Yext during the third quarter worth about $852,000. Emmett Investment Management LP raised its holdings in shares of Yext by 70.0% in the 3rd quarter. Emmett Investment Management LP now owns 373,663 shares of the company’s stock worth $3,150,000 after acquiring an additional 153,849 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Yext by 15.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock worth $211,000 after acquiring an additional 3,292 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Stock Up 0.1%

Yext stock traded up $0.00 during midday trading on Monday, reaching $3.86. The stock had a trading volume of 1,374,698 shares, compared to its average volume of 2,242,735. Yext has a 12 month low of $3.29 and a 12 month high of $9.20. The company has a market capitalization of $476.50 million, a P/E ratio of 64.39 and a beta of 1.19. The company has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $6.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The business had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that Yext will post 0.31 EPS for the current fiscal year.

About Yext

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.