Pathstone Holdings LLC Invests $13.03 Million in Yext, Inc. (NYSE:YEXT)

Pathstone Holdings LLC acquired a new position in shares of Yext, Inc. (NYSE:YEXT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,057,864 shares of the company's stock, valued at approximately $13,026,000. Pathstone Holdings LLC owned about 1.61% of Yext at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. KBC Group NV purchased a new stake in shares of Yext during the fourth quarter worth approximately $47,000. O Shaughnessy Asset Management LLC acquired a new position in Yext during the fourth quarter worth $64,000. EntryPoint Capital LLC purchased a new position in Yext in the fourth quarter worth $67,000. Virtu Financial LLC acquired a new stake in Yext in the fourth quarter valued at $67,000. Finally, Martingale Asset Management L P purchased a new position in shares of Yext in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Stock Down 0.2%

Shares of YEXT traded down $0.02 during midday trading on Wednesday, hitting $6.84. The company had a trading volume of 430,842 shares, compared to its average volume of 889,984. The stock has a market cap of $852.58 million, a price-to-earnings ratio of -45.63 and a beta of 1.07. The company's 50 day moving average price is $6.32 and its 200 day moving average price is $6.72. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. Equities analysts anticipate that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Mkm restated a "buy" rating and issued a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Yext in a report on Thursday, April 3rd.

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.