Stock traders buy high volume of call options on Yext (NYSE: YEXT)
Yext, Inc. (NYSE: YEXT) received unusual option trades on Friday. Equity investors bought 2,785 call options on the company. This is an increase of approximately 291% from the average daily volume of 713 call options.
YEXT has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” note and issued a price target of $ 18.00 on Yext shares in a report released on Friday, September 3. Morgan Stanley lowered its price target on Yext from $ 13.00 to $ 12.00 and established an “underweight” rating for the company in a report released on Friday, September 3. DA Davidson lowered its price target on Yext from $ 18.00 to $ 16.50 and set a “buy” rating for the company in a report released on Friday, September 3. Finally, Zacks Investment Research upgraded Yext from a “sell” rating to a “conservation” rating in a report released on Tuesday, November 9. One equity research analyst rated the stock with a sell rating, two issued a conservation rating, and two assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $ 15.90.
YEXT shares traded up $ 0.76 at midday on Friday, reaching $ 10.19. The company’s shares had a trading volume of 120,197 shares, compared to its average volume of 1,056,275. The company has a fifty-day moving average of $ 11.64 and a 200-day moving average of 12. , $ 71. The company has a market cap of $ 1.30 billion, a price-to-earnings ratio of -14.87 and a beta of 1.40. Yext has a one-year low at $ 8.89 and a one-year high at $ 20.23.
Yext (NYSE: YEXT) last reported its results on Thursday, December 2. The company reported ($ 0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($ 0.07) by $ 0.03. The company posted revenue of $ 99.50 million in the quarter, compared to analysts’ estimates of $ 98.21 million. Yext recorded a negative return on equity of 40.48% and a negative net margin of 23.04%. The company’s revenue for the quarter increased 11.7% year-over-year. In the same quarter of the previous year, the company achieved earnings per share ($ 0.18). Sell-side analysts predict that Yext will post -0.8 EPS for the current year.
In other Yext news, insider Marc Ferrentino sold 8,324 shares of the company in a trade that took place on Monday, September 20. The stock was sold for an average price of $ 12.25, for a total trade of $ 101,969.00. The sale was disclosed in a legal file with the SEC, which is available at this link. In addition, CAO Darryl Bond sold 22,864 shares of the company in a trade that took place on Tuesday, September 7. The shares were sold for an average price of $ 12.79, for a total value of $ 292,430.56. As a result of the sale, the chief accounting officer now owns 18,231 shares of the company, valued at approximately $ 233,174.49. Disclosure of this sale can be found here. Insiders sold 82,193 shares of the company valued at $ 1,019,211 in the past three months. 12.40% of the shares are currently held by insiders of the company.
Several large investors have recently changed their positions in YEXT. US Bancorp DE purchased a new position in Yext during the second quarter valued at approximately $ 30,000. Berman Capital Advisors LLC increased its stake in Yext to 137.1% during the third quarter. Berman Capital Advisors LLC now owns 2,295 shares of the company valued at $ 27,000 after purchasing an additional 1,327 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Yext during the second quarter valued at approximately $ 72,000. Banque Cantonale Vaudoise increased its stake in Yext by 175.0% during the third quarter. Banque Cantonale Vaudoise now owns 5,500 shares of the company valued at $ 66,000 after purchasing 3,500 additional shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Yext during the third quarter for a value of approximately $ 71,000. Institutional investors and hedge funds hold 68.32% of the company’s shares.
Yext Company Profile
Yext, Inc is an emerging growth company dedicated to software development. It offers a cloud-based digital knowledge platform, which enables companies to manage their digital knowledge in the cloud such as financial information, resources and the performance of these resources on a consolidated basis and synchronize them with d ‘other apps like Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.
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