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

Yext, Inc. (NYSE:YEXT) was the recipient of unusually large options trading on Friday. Stock investors purchased 15,000 put options on the stock. This represents an increase of 1,986% compared to the typical volume of 719 put options.

Analyst Upgrades and Downgrades

YEXT has been the subject of several research reports. DA Davidson lifted their price objective 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 reaffirmed a “buy” rating and issued a $10.50 target price (up from $7.50) on shares of Yext in a research note 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 note on Thursday.

Institutional Trading of Yext

Several institutional investors have recently made changes to their positions in YEXT. Massachusetts Financial Services Co. MA grew its stake in shares of Yext by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company’s stock valued at $1,601,000 after buying an additional 10,040 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Yext by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company’s stock valued at $6,430,000 after buying an additional 22,989 shares during the period. Renaissance Technologies LLC boosted its position in Yext by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 230,600 shares of the company’s stock worth $1,234,000 after purchasing an additional 23,400 shares during the period. Hsbc Holdings PLC increased its holdings in Yext by 108.0% in the 2nd quarter. Hsbc Holdings PLC now owns 54,785 shares of the company’s stock valued at $293,000 after purchasing an additional 28,443 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Yext by 139.4% in the 2nd quarter. XTX Topco Ltd now owns 92,442 shares of the company’s stock valued at $495,000 after purchasing an additional 53,828 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Stock Down 2.4 %

Shares of NYSE YEXT opened at $6.33 on Friday. Yext has a 52-week low of $4.29 and a 52-week high of $8.75. The firm has a fifty day moving average of $7.20 and a 200-day moving average of $6.43. The stock has a market capitalization of $807.20 million, a PE ratio of -42.17 and a beta of 1.26.

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.