Short Interest in Yext (NYSE:YEXT) Decreases By 33.8%
by Renee Jackson · The Cerbat GemYext (NYSE:YEXT – Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 11,164,014 shares, a decrease of 33.8% from the March 15th total of 16,851,459 shares. Based on an average daily trading volume, of 6,484,550 shares, the days-to-cover ratio is presently 1.7 days. Approximately 9.5% of the shares of the stock are short sold.
Institutional Trading of Yext
Several institutional investors have recently made changes to their positions in YEXT. Clearstead Advisors LLC increased its stake in Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after acquiring an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Yext in the 3rd quarter valued at $48,000. Landscape Capital Management L.L.C. purchased a new position in shares of Yext during the 4th quarter worth $82,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Yext during the 3rd quarter worth about $90,000. Finally, MQS Management LLC acquired a new stake in shares of Yext during the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on YEXT. DA Davidson restated a “neutral” rating and set a $6.00 price target on shares of Yext in a research report on Wednesday, March 11th. B. Riley Financial cut their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Roth Mkm cut 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. Finally, Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.
Get Our Latest Stock Report on YEXT
Yext Trading Up 0.1%
Shares of NYSE YEXT traded up $0.01 during trading on Thursday, hitting $3.63. 930,031 shares of the company were exchanged, compared to its average volume of 3,941,874. The company has a fifty day moving average price of $4.83 and a 200-day moving average price of $6.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $447.14 million, a PE ratio of 60.43 and a beta of 1.19. Yext has a 12-month low of $3.29 and a 12-month high of $9.20.
Yext (NYSE:YEXT – Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The firm had revenue of $112.00 million during the quarter, compared to analyst estimates of $114.21 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Yext’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts expect that Yext will post -0.12 EPS for the current year.
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.