BNP Paribas Financial Markets Reduces Holdings in Yext, Inc. (NYSE:YEXT)

BNP Paribas Financial Markets lowered its position in Yext, Inc. (NYSE:YEXT - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,034 shares of the company's stock after selling 92,356 shares during the period. BNP Paribas Financial Markets' holdings in Yext were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Summit Trail Advisors LLC grew its stake in Yext by 1.8% during the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock valued at $1,196,000 after acquiring an additional 3,409 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock valued at $945,000 after buying an additional 3,813 shares during the period. Magnetar Financial LLC grew its stake in shares of Yext by 17.3% in the 4th 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 grew its stake in shares of Yext by 7.7% in the 4th quarter. Amundi now owns 59,877 shares of the company's stock valued at $391,000 after buying an additional 4,284 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Yext by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company's stock valued at $378,000 after buying an additional 5,191 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on YEXT. Roth Mkm restated a "buy" rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Wednesday, May 21st.

Yext Stock Up 0.5%

Yext stock traded up $0.04 during mid-day trading on Thursday, reaching $6.72. 718,461 shares of the company's stock were exchanged, compared to its average volume of 886,188. The company has a market cap of $836.64 million, a P/E ratio of -44.77 and a beta of 1.07. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75. The company has a fifty day moving average of $6.37 and a 200-day moving average of $6.69.

Yext (NYSE:YEXT - Get Free Report) last released 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 business 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%. Equities research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

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.