Divisadero Street Capital Management LP Acquires Shares of 69,130 Yext, Inc. (NYSE:YEXT)

Divisadero Street Capital Management LP acquired a new position in shares of Yext, Inc. (NYSE:YEXT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 69,130 shares of the company's stock, valued at approximately $440,000. Divisadero Street Capital Management LP owned about 0.05% of Yext at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Yext by 160.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock worth $11,183,000 after purchasing an additional 1,082,153 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Yext by 224.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock worth $3,565,000 after purchasing an additional 356,324 shares during the period. Raymond James Financial Inc. purchased a new position in Yext in the fourth quarter valued at approximately $2,219,000. Dimensional Fund Advisors LP grew its holdings in Yext by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock valued at $9,346,000 after purchasing an additional 273,498 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Yext in the fourth quarter worth $1,336,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Price Performance

Shares of Yext stock traded up $0.08 during trading on Monday, hitting $6.72. The stock had a trading volume of 293,958 shares, compared to its average volume of 891,762. The stock has a market cap of $836.64 million, a PE ratio of -44.77 and a beta of 1.07. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The firm's fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.73.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly 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). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The firm had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. Analysts expect that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

YEXT has been the topic of a number of recent research reports. Roth Mkm reissued a "buy" rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Yext in a research note on Thursday, April 3rd.

Yext 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.