Divisadero Street Capital Management LP Invests $440,000 in Yext, Inc. (NYSE:YEXT)

Divisadero Street Capital Management LP acquired a new stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,130 shares of the company's stock, valued at approximately $440,000. Divisadero Street Capital Management LP owned 0.05% of Yext at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its stake in Yext by 1.8% in the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock valued at $1,196,000 after purchasing an additional 3,409 shares during the period. Rhumbline Advisers boosted its holdings in shares of Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock worth $945,000 after buying an additional 3,813 shares during the last quarter. Magnetar Financial LLC grew its position in Yext by 17.3% during the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company's stock valued at $183,000 after buying an additional 4,245 shares during the period. Amundi increased its holdings in Yext by 7.7% during the fourth quarter. Amundi now owns 59,877 shares of the company's stock worth $391,000 after buying an additional 4,284 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Yext by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 59,438 shares of the company's stock worth $378,000 after acquiring an additional 5,191 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Roth Mkm reaffirmed 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 reiterated a "buy" rating and issued a $10.00 target price on shares of Yext in a research note on Thursday, April 3rd.

Yext Stock Up 0.9 %

NYSE:YEXT traded up $0.06 during mid-day trading on Friday, hitting $6.63. 516,773 shares of the stock traded hands, compared to its average volume of 893,553. The business's 50-day moving average price is $6.23 and its 200 day moving average price is $6.73. The company has a market cap of $826.04 million, a PE ratio of -44.20 and a beta of 1.07. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75.

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

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.