Yext, Inc. (NYSE:YEXT) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake 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 buying an additional 124,688 shares during the period. Northern Trust Corp owned approximately 0.83% of Yext worth $6,703,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in YEXT. KBC Group NV acquired a new stake in shares of Yext in the fourth quarter valued at approximately $47,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Yext in the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC acquired a new stake in shares of Yext in the fourth quarter valued at approximately $67,000. Virtu Financial LLC acquired a new stake in shares of Yext in the fourth quarter valued at approximately $67,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Yext in the fourth quarter valued at approximately $78,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Price Performance

Yext stock traded up $0.01 during midday trading on Thursday, hitting $6.70. 633,902 shares of the stock were exchanged, compared to its average volume of 892,970. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The firm has a market cap of $834.77 million, a P/E ratio of -44.67 and a beta of 1.07. The company has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $6.72.

Yext (NYSE:YEXT - Get Free Report) last released 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 return on equity of 11.10% and a negative net margin of 4.64%. The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. As a group, analysts predict that Yext, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Yext in a report on Wednesday.

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.