Short Interest in Yext, Inc. (NYSE:YEXT) Declines By 12.4%

Yext, Inc. (NYSE:YEXT - Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,760,000 shares, a decline of 12.4% from the February 28th total of 2,010,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 746,600 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC grew its holdings in shares of Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock worth $1,196,000 after buying an additional 3,409 shares in the last quarter. Rhumbline Advisers grew its stake in Yext by 2.6% during the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock valued at $945,000 after acquiring an additional 3,813 shares in the last quarter. Magnetar Financial LLC raised its holdings in Yext by 17.3% in the 4th quarter. Magnetar Financial LLC now owns 28,766 shares of the company's stock valued at $183,000 after acquiring an additional 4,245 shares during the last quarter. Amundi raised its holdings in Yext by 7.7% in the 4th quarter. Amundi now owns 59,877 shares of the company's stock valued at $391,000 after acquiring an additional 4,284 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Yext by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company's stock worth $378,000 after purchasing an additional 5,191 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on YEXT shares. Roth Mkm reaffirmed a "buy" rating and set a $9.50 target price (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Thursday. Finally, DA Davidson increased their target price on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th.

Yext Stock Down 3.1 %

Shares of YEXT stock traded down $0.19 during trading hours on Friday, hitting $5.92. 1,435,872 shares of the company's stock were exchanged, compared to its average volume of 880,296. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The firm has a market cap of $749.04 million, a P/E ratio of -39.48 and a beta of 1.20. The firm has a 50 day moving average of $6.45 and a two-hundred day moving average of $6.83.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The company had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. On average, equities analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

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 offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.