Other research analysts have also recently issued reports about the company. SunTrust Banks began coverage on Yext in a report on Monday, August 13th. They issued a buy rating on the stock. DA Davidson initiated coverage on Yext in a report on Monday, October 8th. They issued a buy rating and a $28.00 price objective on the stock. KeyCorp reissued a hold rating on shares of Yext in a research report on Thursday, November 29th. Berenberg Bank initiated coverage on Yext in a research report on Friday, November 16th. They issued a buy rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised Yext from a sell rating to a hold rating in a research report on Saturday, November 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $22.00.
YEXT opened at $15.52 on Monday. Yext has a one year low of $10.58 and a one year high of $27.19. The company has a market capitalization of $1.52 billion, a P/E ratio of -18.26 and a beta of 1.46.
In other news, insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $26.08, for a total transaction of $326,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Cakebread sold 20,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $17.95, for a total value of $359,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 841,894 shares of company stock worth $17,243,081. 20.80% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of YEXT. BlueMountain Capital Management LLC purchased a new stake in shares of Yext during the second quarter worth $118,000. FMR LLC purchased a new stake in shares of Yext during the third quarter worth $203,000. UBS Group AG increased its position in shares of Yext by 42.2% during the first quarter. UBS Group AG now owns 17,577 shares of the company’s stock worth $222,000 after acquiring an additional 5,217 shares during the period. United Services Automobile Association purchased a new stake in shares of Yext during the second quarter worth $223,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Yext during the second quarter worth $228,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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