Yext (NYSE:YEXT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Yext, Inc. provides digital media technology services. It offers advertising, monetization, phone and directory services which includes business listings on search sites and real-time reputation management. The Company provides Yext Knowledge Engine. It serves healthcare and pharmaceuticals, retail, financial services, manufacturing and technology industries. Yext, Inc. is based in New York. “
Other analysts have also recently issued reports about the stock. KeyCorp reaffirmed a “buy” rating and issued a $16.00 price target on shares of Yext in a report on Thursday, November 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 price target on shares of Yext in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.00.
In other Yext news, CEO Howard Lerman sold 30,000 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $12.16, for a total transaction of $364,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tom Christopher Dixon sold 12,500 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $12.16, for a total transaction of $152,000.00. The disclosure for this sale can be found here. Insiders sold 655,420 shares of company stock worth $7,826,495 over the last ninety days.
Large investors have recently modified their holdings of the business. Royal Bank of Canada acquired a new stake in shares of Yext during the second quarter worth $100,000. Grace & White Inc. NY acquired a new stake in shares of Yext during the fourth quarter worth $126,000. Teacher Retirement System of Texas acquired a new stake in shares of Yext during the fourth quarter worth $131,000. MetLife Investment Advisors LLC acquired a new stake in shares of Yext during the fourth quarter worth $140,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Yext during the fourth quarter worth $169,000. 38.78% of the stock is currently owned by institutional investors.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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