Investors Buy Large Volume of Yext Put Options (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 41,965 put options on the company. This represents an increase of 4,653% compared to the typical daily volume of 883 put options.

Yext Stock Down 0.9 %

Shares of NYSE:YEXT traded down $0.06 during trading on Friday, hitting $6.24. The stock had a trading volume of 884,589 shares, compared to its average volume of 678,188. The company has a market capitalization of $795.72 million, a PE ratio of -41.57 and a beta of 1.34. The firm's fifty day moving average is $6.52 and its 200 day moving average is $6.73. Yext has a 12 month low of $4.29 and a 12 month high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data 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). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The firm had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Equities research analysts expect that Yext will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Yext

A number of hedge funds and other institutional investors have recently bought and sold shares of YEXT. Wilmington Savings Fund Society FSB bought a new stake in shares of Yext in the 3rd quarter worth approximately $38,000. KBC Group NV purchased a new position in Yext during the fourth quarter valued at $47,000. O Shaughnessy Asset Management LLC bought a new stake in Yext in the fourth quarter worth $64,000. EntryPoint Capital LLC purchased a new stake in shares of Yext in the fourth quarter worth $67,000. Finally, Virtu Financial LLC bought a new position in shares of Yext during the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

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Analyst Ratings Changes

YEXT has been the subject of a number of recent analyst reports. Roth Mkm restated a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson upped their price objective on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 target price on shares of Yext in a research report on Thursday.

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.