Yext (NYSE:YEXT) Hits New 1-Year High – Still a Buy?

Yext, Inc. (NYSE:YEXT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.14 and last traded at $8.08, with a volume of 25101 shares. The stock had previously closed at $8.05.

Wall Street Analyst Weigh In

YEXT has been the subject of a number of research analyst reports. Roth Mkm reiterated a “buy” rating and issued a $7.50 price target (down from $8.00) on shares of Yext in a report on Thursday, September 5th. 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 note on Thursday, September 5th. Finally, DA Davidson upped their target price on Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

Yext Stock Up 0.1 %

The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -161.00 and a beta of 1.17. The business has a 50-day moving average of $6.76 and a 200-day moving average of $5.77.

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

Insider Buying and Selling

In other news, Director Seth H. Waugh bought 32,600 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the acquisition, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.40% of the stock is owned by company insiders.

Institutional Trading of Yext

Several institutional investors have recently added to or reduced their stakes in YEXT. Russell Investments Group Ltd. increased its holdings in Yext by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock valued at $733,000 after buying an additional 1,861 shares during the period. First Eagle Investment Management LLC increased its holdings in Yext by 7.0% in the 1st quarter. First Eagle Investment Management LLC now owns 642,979 shares of the company’s stock worth $3,877,000 after purchasing an additional 42,020 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Yext by 53.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock worth $5,537,000 after buying an additional 321,812 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Yext by 300.4% in the 1st quarter. EntryPoint Capital LLC now owns 24,447 shares of the company’s stock worth $147,000 after acquiring an additional 18,342 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after purchasing an additional 4,711 shares during the period. 70.98% of the stock is currently owned by institutional investors.

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.