Northern Trust Corp Boosts Stock Position in Yext, Inc. (NYSE:YEXT)

Northern Trust Corp boosted its position in Yext, Inc. (NYSE:YEXT - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,053,874 shares of the company's stock after purchasing an additional 124,688 shares during the quarter. Northern Trust Corp owned approximately 0.83% of Yext worth $6,703,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of YEXT. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Yext by 28.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after buying an additional 186,639 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Yext during the 4th quarter valued at $2,219,000. JPMorgan Chase & Co. increased its holdings in shares of Yext by 39.1% in the 4th quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock worth $4,558,000 after purchasing an additional 201,472 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Yext by 24.9% in the 4th quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock worth $1,390,000 after purchasing an additional 43,527 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Yext during the fourth quarter valued at $1,336,000. 70.98% of the stock is currently owned by institutional investors.

Yext Stock Performance

Shares of Yext stock traded down $0.11 during trading hours on Friday, hitting $6.59. The company's stock had a trading volume of 438,869 shares, compared to its average volume of 889,332. The business has a 50 day moving average price of $6.35 and a two-hundred day moving average price of $6.70. The company has a market cap of $820.44 million, a PE ratio of -43.90 and a beta of 1.07. 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 data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $112.77 million. As a group, research analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YEXT. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Wednesday. Roth Mkm reissued a "buy" rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a research 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.