Yext Inc (NYSE:YEXT) Director Michael Walrath Buys 85,429 Shares of Stock

Yext Inc (NYSE:YEXT) Director Michael Walrath acquired 85,429 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $16.42 per share, for a total transaction of $1,402,744.18. Following the transaction, the director now directly owns 214,216 shares of the company’s stock, valued at approximately $3,517,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE YEXT traded up $0.05 during midday trading on Friday, hitting $17.03. 482,999 shares of the company traded hands, compared to its average volume of 898,103. Yext Inc has a 12-month low of $12.90 and a 12-month high of $27.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a 50-day moving average price of $19.50 and a 200 day moving average price of $20.30. The firm has a market cap of $1.85 billion, a P/E ratio of -22.41 and a beta of 1.29.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Yext had a negative net margin of 33.57% and a negative return on equity of 67.96%. The company had revenue of $72.37 million for the quarter, compared to analysts’ expectations of $71.86 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. Yext’s quarterly revenue was up 31.8% compared to the same quarter last year. As a group, equities analysts expect that Yext Inc will post -0.96 earnings per share for the current year.

A number of research firms have issued reports on YEXT. SunTrust Banks set a $30.00 price objective on shares of Yext and gave the company a “buy” rating in a research report on Monday, August 26th. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine cut shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Oppenheimer set a $26.00 price objective on shares of Yext and gave the company a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Several hedge funds and other institutional investors have recently made changes to their positions in YEXT. United Services Automobile Association increased its stake in shares of Yext by 39.5% in the second quarter. United Services Automobile Association now owns 13,245 shares of the company’s stock worth $266,000 after purchasing an additional 3,747 shares in the last quarter. black and white Capital LP grew its position in shares of Yext by 256.7% during the second quarter. black and white Capital LP now owns 535,000 shares of the company’s stock worth $10,748,000 after acquiring an additional 385,000 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Yext during the second quarter worth approximately $12,494,000. UBS Asset Management Americas Inc. grew its position in shares of Yext by 25.5% during the second quarter. UBS Asset Management Americas Inc. now owns 53,955 shares of the company’s stock worth $1,084,000 after acquiring an additional 10,977 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Yext during the second quarter worth approximately $99,000. Institutional investors own 60.66% of the company’s stock.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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