D. E. Shaw & Co. Inc. Reduces Position in Yext, Inc. (NYSE:YEXT)

D. E. Shaw & Co. Inc. decreased its holdings in Yext, Inc. (NYSE:YEXT - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,344,758 shares of the company's stock after selling 937,117 shares during the period. D. E. Shaw & Co. Inc. owned 1.84% of Yext worth $14,913,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Divisadero Street Capital Management LP bought a new position in Yext in the 4th quarter worth about $440,000. Bank of America Corp DE lifted its holdings in shares of Yext by 10.0% in the fourth quarter. Bank of America Corp DE now owns 632,650 shares of the company's stock worth $4,024,000 after buying an additional 57,442 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Yext in the fourth quarter valued at approximately $119,000. Northern Trust Corp grew its stake in Yext by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after acquiring an additional 124,688 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Yext by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,770 shares of the company's stock worth $400,000 after acquiring an additional 8,431 shares during the period. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

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

Yext Price Performance

Shares of YEXT opened at $6.70 on Tuesday. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market capitalization of $834.14 million, a P/E ratio of -44.63 and a beta of 1.07. The firm's 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.73.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $113.09 million for the quarter, compared to analysts' expectations of $112.77 million. On average, equities analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current 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.

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