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

Yext, Inc. (NYSE:YEXT) was the recipient of unusually large options trading on Wednesday. Traders acquired 41,965 put options on the stock. This is an increase of approximately 4,653% compared to the average volume of 883 put options.

Analyst Ratings Changes

YEXT has been the subject of several recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson lifted their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research 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 report on Wednesday, February 12th.

Yext Price Performance

YEXT stock traded down $0.01 during midday trading on Wednesday, reaching $6.61. 800,239 shares of the company were exchanged, compared to its average volume of 639,942. Yext has a one year low of $4.29 and a one year high of $8.75. The firm has a market capitalization of $842.94 million, a price-to-earnings ratio of -44.03 and a beta of 1.34. The business has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.73.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently made changes to their positions in YEXT. Wilmington Savings Fund Society FSB bought a new stake in Yext in the 3rd quarter valued at $38,000. KBC Group NV acquired a new stake in shares of Yext during the fourth quarter worth $47,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Yext in the fourth quarter valued at about $64,000. EntryPoint Capital LLC acquired a new position in shares of Yext in the fourth quarter valued at about $67,000. Finally, Virtu Financial LLC bought a new position in Yext during the fourth quarter worth about $67,000. Institutional investors own 70.98% of the company’s stock.

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.