Yext, Inc. (NYSE:YEXT) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE raised its position in Yext, Inc. (NYSE:YEXT - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 632,650 shares of the company's stock after purchasing an additional 57,442 shares during the period. Bank of America Corp DE owned 0.50% of Yext worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of YEXT. Ameriprise Financial Inc. acquired a new stake in Yext in the fourth quarter valued at $119,000. Northern Trust Corp increased its holdings in shares of Yext by 13.4% in the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 in the last quarter. Tower Research Capital LLC TRC lifted its stake in Yext by 3,761.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 60,426 shares of the company's stock worth $384,000 after purchasing an additional 58,861 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Yext by 10.7% during the fourth quarter. MetLife Investment Management LLC now owns 63,967 shares of the company's stock worth $407,000 after purchasing an additional 6,193 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on YEXT. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Yext in a research note on Wednesday, May 21st. Roth Mkm restated a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Stock Down 0.1%

YEXT traded down $0.01 during trading on Friday, hitting $6.71. 908,105 shares of the stock were exchanged, compared to its average volume of 882,684. The firm has a market capitalization of $836.01 million, a P/E ratio of -44.73 and a beta of 1.07. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The stock has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $6.67.

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 the consensus estimate of $0.14 by ($0.20). The firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Analysts predict that Yext, Inc. will post -0.12 EPS 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.