NewEdge Wealth LLC Purchases Shares of 180,948 Yext $YEXT

NewEdge Wealth LLC bought a new position in shares of Yext (NYSE:YEXT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 180,948 shares of the company’s stock, valued at approximately $1,458,000. NewEdge Wealth LLC owned approximately 0.15% of Yext as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YEXT. State of Alaska Department of Revenue bought a new stake in shares of Yext in the 3rd quarter valued at about $48,000. Optas LLC acquired a new stake in Yext during the 4th quarter worth approximately $88,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Yext during the third quarter worth $90,000. CIBC Bancorp USA Inc. bought a new stake in Yext in the 3rd quarter valued at about $92,000. Finally, Creative Planning bought a new stake in shares of Yext in the second quarter valued at approximately $109,000. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. B. Riley Financial cut their price objective on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and reduced their price target for the company from $9.50 to $6.00 in a research report on Wednesday, March 11th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research note on Wednesday, March 11th. 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. Based on data from MarketBeat, Yext has an average rating of “Hold” and a consensus price target of $7.50.

Yext Stock Performance

NYSE YEXT opened at $3.56 on Thursday. The company has a market cap of $356.79 million, a P/E ratio of 59.41 and a beta of 1.14. The company has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $6.42. Yext has a 12-month low of $3.29 and a 12-month high of $9.20. 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 posted its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. Sell-side analysts predict that Yext will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Yext

In other 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 value of $36,200.00. Following the completion of the sale, the chief accounting officer owned 7,848 shares in the company, valued at $28,409.76. This represents a 56.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

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.