Yext, Inc. (NYSE:YEXT) is Tenzing Global Management LLC's 2nd Largest Position

Tenzing Global Management LLC boosted its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,537,500 shares of the company's stock after buying an additional 437,500 shares during the period. Yext makes up approximately 12.1% of Tenzing Global Management LLC's portfolio, making the stock its 2nd biggest position. Tenzing Global Management LLC owned about 1.99% of Yext worth $16,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV purchased a new stake in Yext in the 4th quarter valued at about $47,000. O Shaughnessy Asset Management LLC purchased a new stake in Yext during the 4th quarter worth approximately $64,000. EntryPoint Capital LLC purchased a new stake in Yext during the 4th quarter worth approximately $67,000. Virtu Financial LLC purchased a new stake in Yext during the 4th quarter worth approximately $67,000. Finally, Martingale Asset Management L P purchased a new position in shares of Yext in the 4th quarter valued at about $78,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Performance

Yext stock traded down $0.17 during trading on Wednesday, reaching $6.70. The company had a trading volume of 939,405 shares, compared to its average volume of 893,068. The stock's 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.72. The firm has a market capitalization of $834.14 million, a price-to-earnings ratio of -44.63 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 released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

YEXT has been the subject of several recent research reports. Roth Mkm reiterated a "buy" rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Yext in a research report on Wednesday.

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.