Yext, Inc. (NYSE:YEXT) Short Interest Update

Yext, Inc. (NYSE:YEXT - Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,760,000 shares, a drop of 12.4% from the February 28th total of 2,010,000 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 746,600 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Yext

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

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Yext Trading Down 3.1 %

Shares of YEXT stock traded down $0.19 on Friday, reaching $5.92. 1,435,872 shares of the company's stock were exchanged, compared to its average volume of 878,059. The company's fifty day simple moving average is $6.46 and its 200 day simple moving average is $6.83. The stock has a market capitalization of $749.04 million, a PE ratio of -39.48 and a beta of 1.20. Yext has a 52 week low of $4.29 and a 52 week high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). The company had revenue of $113.09 million for the quarter, compared to analysts' expectations of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. As a group, sell-side analysts predict 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.