Yext Target of Unusually High Options Trading (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT - Get Free Report) saw some unusual options trading activity on Friday. 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.

Hedge Funds Weigh In On Yext

A number of institutional investors have recently modified their holdings of YEXT. Millennium Management LLC acquired a new position in shares of Yext in the 1st quarter valued at $3,964,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Yext by 1.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock valued at $2,593,000 after acquiring an additional 4,802 shares during the last quarter. Lynrock Lake LP grew its position in Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock valued at $71,951,000 after acquiring an additional 1,009,285 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Yext during the first quarter worth about $794,000. Finally, The Manufacturers Life Insurance Company increased its stake in Yext by 13.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company's stock worth $32,181,000 after acquiring an additional 614,960 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Trading Up 0.8%

Shares of NYSE:YEXT traded up $0.05 during midday trading on Wednesday, hitting $6.69. 223,237 shares of the stock were exchanged, compared to its average volume of 886,146. Yext has a twelve month low of $4.29 and a twelve month high of $8.75. The stock has a market cap of $833.52 million, a P/E ratio of -44.63 and a beta of 1.07. The company has a 50 day moving average price of $6.36 and a 200-day moving average price of $6.69.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on YEXT. Roth Mkm restated a "buy" rating and set a $9.50 target price (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a research note on Wednesday, May 21st.

About Yext

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.