MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in Yext, Inc. (NYSE:YEXT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 416,149 shares of the company's stock after selling 185,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.33% of Yext worth $2,647,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in YEXT. KBC Group NV bought a new stake in shares of Yext during the fourth quarter worth about $47,000. O Shaughnessy Asset Management LLC acquired a new position in Yext during the 4th quarter valued at about $64,000. EntryPoint Capital LLC acquired a new position in Yext during the 4th quarter valued at about $67,000. Virtu Financial LLC bought a new stake in Yext during the 4th quarter worth approximately $67,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Yext in the fourth quarter worth approximately $78,000. 70.98% of the stock is owned by institutional investors.

Yext Price Performance

Shares of NYSE YEXT traded down $0.11 during midday trading on Monday, reaching $6.59. The company's stock had a trading volume of 438,869 shares, compared to its average volume of 889,332. The stock has a market capitalization of $820.44 million, a P/E ratio of -43.90 and a beta of 1.07. The firm has a 50 day moving average price of $6.36 and a 200-day moving average price of $6.69. 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 issued 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 return on equity of 11.10% and a negative net margin of 4.64%. The business had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. On average, equities analysts predict that Yext, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.