Yext, Inc. (NYSE:YEXT) Shares Purchased by Tenzing Global Management LLC

Tenzing Global Management LLC increased its position in Yext, Inc. (NYSE:YEXT - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,537,500 shares of the company's stock after buying an additional 437,500 shares during the period. Yext comprises approximately 12.1% of Tenzing Global Management LLC's holdings, making the stock its 2nd largest position. Tenzing Global Management LLC owned 1.99% of Yext worth $16,138,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in YEXT. Pathstone Holdings LLC bought a new stake in Yext in the fourth quarter worth $13,026,000. Arrowstreet Capital Limited Partnership grew its position in Yext by 160.0% in the 4th 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 last quarter. JPMorgan Chase & Co. increased its stake in Yext by 224.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock worth $3,565,000 after buying an additional 356,324 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Yext during the fourth quarter valued at approximately $2,219,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Yext by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock worth $9,346,000 after buying an additional 273,498 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Price Performance

NYSE:YEXT traded down $0.06 during mid-day trading on Friday, hitting $6.64. The company's stock had a trading volume of 136,924 shares, compared to its average volume of 890,001. The stock has a market cap of $826.67 million, a price-to-earnings ratio of -44.29 and a beta of 1.07. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The business's fifty day moving average is $6.35 and its two-hundred day moving average is $6.71.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly 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 business had revenue of $113.09 million during the quarter, compared to analysts' expectations of $112.77 million. Analysts anticipate that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YEXT. Roth Mkm reissued 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. Needham & Company LLC reissued a "buy" rating and set a $10.00 target price on shares of Yext in a research 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.