Yext Inc (NYSE:YEXT) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.00.
Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Yext from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, June 1st. KeyCorp upped their price target on shares of Yext from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price target on shares of Yext in a report on Wednesday.
Shares of Yext traded down $1.32, hitting $22.04, on Monday, Marketbeat.com reports. The stock had a trading volume of 2,554,554 shares, compared to its average volume of 938,138. The company has a market capitalization of $2.19 billion, a PE ratio of -25.93 and a beta of 0.21. Yext has a 52-week low of $10.58 and a 52-week high of $23.66.
In related news, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $13.22, for a total value of $396,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $13.22, for a total transaction of $165,250.00. The disclosure for this sale can be found here. Insiders sold 1,186,237 shares of company stock worth $20,534,995 over the last ninety days. 20.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in shares of Yext during the fourth quarter worth $131,000. MetLife Investment Advisors LLC acquired a new stake in shares of Yext during the fourth quarter worth $140,000. BB&T Securities LLC acquired a new stake in shares of Yext during the first quarter worth $180,000. UBS Group AG raised its holdings 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 purchasing an additional 5,217 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Yext during the second quarter worth $240,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.
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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