Yext, Inc. (NYSE:YEXT – Get Rating) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,120,000 shares, a decrease of 26.1% from the October 31st total of 4,220,000 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 2.8 days.
Analyst Ratings Changes
Separately, MKM Partners lowered their price objective on Yext from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th.
Yext Trading Up 1.3 %
NYSE:YEXT traded up $0.07 on Wednesday, hitting $5.33. The company had a trading volume of 1,370,678 shares, compared to its average volume of 1,822,167. The firm has a 50 day moving average of $4.93 and a two-hundred day moving average of $4.88. The stock has a market capitalization of $657.91 million, a price-to-earnings ratio of -7.30 and a beta of 1.26. Yext has a 52 week low of $4.00 and a 52 week high of $10.97.
Yext (NYSE:YEXT – Get Rating) last issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.03. The firm had revenue of $100.90 million during the quarter, compared to analysts’ expectations of $99.68 million. Yext had a negative net margin of 23.46% and a negative return on equity of 50.82%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned ($0.22) earnings per share. As a group, equities analysts forecast that Yext will post -0.61 EPS for the current year.
Institutional Trading of Yext
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in Yext during the 3rd quarter valued at $28,000. Metropolitan Life Insurance Co NY boosted its position in Yext by 39.0% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,956 shares of the company’s stock valued at $31,000 after acquiring an additional 1,950 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Yext by 55.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,429 shares of the company’s stock valued at $42,000 after acquiring an additional 3,355 shares in the last quarter. Good Life Advisors LLC purchased a new stake in shares of Yext during the 3rd quarter valued at $45,000. Finally, Chico Wealth RIA purchased a new stake in shares of Yext during the 2nd quarter valued at $50,000. 68.47% of the stock is owned by hedge funds and other 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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.