Mackenzie Financial Corp Has $468,000 Stock Position in Yext, Inc. (NYSE:YEXT)

Mackenzie Financial Corp lowered its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 58.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,557 shares of the company's stock after selling 102,562 shares during the period. Mackenzie Financial Corp owned about 0.06% of Yext worth $468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in YEXT. Pathstone Holdings LLC purchased a new position in Yext during the 4th quarter worth approximately $13,026,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Yext by 160.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock valued at $11,183,000 after acquiring an additional 1,082,153 shares during the period. Tenzing Global Management LLC grew its position in shares of Yext by 20.8% during the fourth quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock worth $16,138,000 after acquiring an additional 437,500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Yext in the 4th quarter valued at $2,219,000. Finally, Dimensional Fund Advisors LP boosted its stake in Yext by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock worth $9,346,000 after purchasing an additional 273,498 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Stock Down 2.0%

Shares of YEXT stock traded down $0.18 on Thursday, reaching $8.79. 3,287,899 shares of the stock were exchanged, compared to its average volume of 925,696. The stock has a market cap of $1.10 billion, a P/E ratio of -58.63 and a beta of 1.07. The firm has a 50 day moving average of $6.45 and a two-hundred day moving average of $6.66. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $9.15.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results 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 firm had revenue of $113.09 million during the quarter, compared to analysts' expectations of $112.77 million. On average, equities research analysts predict that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on YEXT. Roth Mkm reissued a "buy" rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson upped their price target on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research note on Thursday. B. Riley upgraded shares of Yext from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.00 to $10.00 in a research report on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Yext in a research note on Wednesday.

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.