Stock Traders Purchase High Volume of Yext Put Options (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT - Get Free Report) saw some unusual options trading on Friday. Stock investors purchased 20,107 put options on the stock. This is an increase of 1,578% compared to the typical daily volume of 1,198 put options.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on YEXT shares. Roth Mkm reaffirmed a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Yext in a research note on Wednesday.

Institutional Investors Weigh In On Yext

Institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yext by 28.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after acquiring an additional 186,639 shares during the period. Raymond James Financial Inc. acquired a new position in Yext in the fourth quarter worth about $2,219,000. JPMorgan Chase & Co. lifted its stake in Yext by 39.1% during the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock worth $4,558,000 after purchasing an additional 201,472 shares during the period. King Luther Capital Management Corp boosted its holdings in Yext by 24.9% during the fourth quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock valued at $1,390,000 after purchasing an additional 43,527 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Yext in the 4th quarter valued at approximately $1,336,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Stock Performance

Shares of YEXT traded down $0.08 during trading hours on Friday, reaching $6.62. 69,705 shares of the company traded hands, compared to its average volume of 889,728. The stock's fifty day moving average is $6.35 and its 200 day moving average is $6.71. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The stock has a market cap of $824.18 million, a P/E ratio of -44.03 and a beta of 1.07.

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

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