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

Yext, Inc. (NYSE:YEXT) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 7,635 call options on the stock. This represents an increase of approximately 975% compared to the typical daily volume of 710 call options.

Yext Stock Performance

NYSE YEXT traded up $0.21 on Tuesday, reaching $6.42. 559,150 shares of the company’s stock traded hands, compared to its average volume of 895,401. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The firm has a market cap of $819.33 million, a price-to-earnings ratio of -42.80 and a beta of 1.20. The stock has a 50 day moving average price of $7.42 and a 200-day moving average price of $6.30.

Wall Street Analyst Weigh In

YEXT has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their price target on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $10.50 target price (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Yext

Institutional investors have recently modified their holdings of the stock. Zacks Investment Management increased its holdings in Yext by 370.2% in the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after buying an additional 297,938 shares in the last quarter. Lynrock Lake LP increased its stake in shares of Yext by 23.8% in the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock valued at $44,231,000 after purchasing an additional 1,591,791 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Yext by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after purchasing an additional 526,043 shares in the last quarter. Federated Hermes Inc. boosted its position in Yext by 86.6% during the second quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after purchasing an additional 1,275,348 shares in the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in Yext in the second quarter valued at approximately $936,000. Hedge funds and other 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.