Yext (NYSE:YEXT) Reaches New 52-Week High – What’s Next?

Shares of Yext, Inc. (NYSE:YEXT) hit a new 52-week high during trading on Tuesday . The company traded as high as $8.14 and last traded at $8.08, with a volume of 25101 shares traded. The stock had previously closed at $8.05.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Roth Mkm reiterated a “buy” rating and set a $7.50 target price (down previously from $8.00) on shares of Yext in a research note on Thursday, September 5th. DA Davidson boosted their price target on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC raised shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, September 5th.

Yext Price Performance

The firm’s 50-day moving average price is $6.88 and its 200 day moving average price is $5.80.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share. Sell-side analysts predict that Yext, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Seth H. Waugh purchased 32,600 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the purchase, the director now directly owns 153,350 shares in the company, valued at approximately $1,019,777.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Yext

Large investors have recently added to or reduced their stakes in the company. Williams & Novak LLC acquired a new stake in Yext during the 2nd quarter valued at $56,000. Canada Pension Plan Investment Board acquired a new position in Yext during the 2nd quarter worth $62,000. Dynamic Advisor Solutions LLC grew its holdings in Yext by 27.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after acquiring an additional 3,385 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Yext by 36.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock worth $100,000 after acquiring an additional 4,946 shares in the last quarter. Finally, Balboa Wealth Partners acquired a new position in Yext during the 3rd quarter worth $114,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.