Yext, Inc. (NYSE:YEXT) Shares Sold by State of Wyoming

State of Wyoming reduced its stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,500 shares of the company's stock after selling 61,472 shares during the period. State of Wyoming's holdings in Yext were worth $232,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Yext by 28.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock valued at $5,400,000 after purchasing an additional 186,639 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Yext during the 4th quarter valued at approximately $2,219,000. JPMorgan Chase & Co. lifted its holdings in Yext by 39.1% in the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock valued at $4,558,000 after acquiring an additional 201,472 shares during the last quarter. King Luther Capital Management Corp grew its position in Yext by 24.9% in the fourth quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock worth $1,390,000 after acquiring an additional 43,527 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new position in Yext in the fourth quarter worth approximately $1,336,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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 reissued a "buy" rating and set a $10.00 target price on shares of Yext in a research note on Wednesday, May 21st.

Yext Price Performance

Shares of NYSE YEXT traded up $0.04 during mid-day trading on Wednesday, hitting $6.68. The company had a trading volume of 605,428 shares, compared to its average volume of 887,629. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market capitalization of $831.65 million, a PE ratio of -44.50 and a beta of 1.07. The business's 50-day simple moving average is $6.36 and its 200 day simple moving average is $6.69.

Yext (NYSE:YEXT - Get Free Report) last issued its 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). The firm 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%. On average, analysts expect that Yext, Inc. will post -0.12 EPS for the current year.

Yext Company 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.