Yext $YEXT Stake Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS AM reduced its Yext stake by 95.6% in the second quarter, selling 202,427 shares and retaining 9,264 shares valued at approximately $43,000. Institutional investors collectively own 70.98% of the company.
• Analyst sentiment remains cautious: five analysts rate Yext a Hold and one rates it Sell, producing a consensus “Reduce” rating and an average price target of $6.33.
• Yext reported quarterly EPS of $0.21, exceeding estimates of $0.17, while revenue of $111.1 million slightly missed forecasts and declined 1.8% year over year. The stock opened at $6.38, versus a 12-month range of $3.27 to $9.03.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Yext (NYSE:YEXT - Free Report) by 95.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,264 shares of the company's stock after selling 202,427 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Yext were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Haven Private LLC grew its holdings in shares of Yext by 3.3% in the 4th quarter. Haven Private LLC now owns 59,248 shares of the company's stock worth $478,000 after acquiring an additional 1,886 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company's stock worth $266,000 after acquiring an additional 2,016 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock valued at $38,000 after buying an additional 2,784 shares during the last quarter. Creative Planning lifted its stake in Yext by 29.5% in the third quarter. Creative Planning now owns 16,651 shares of the company's stock valued at $142,000 after acquiring an additional 3,789 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Yext by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company's stock valued at $1,360,000 after purchasing an additional 4,444 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

YEXT has been the topic of a number of analyst reports. Wall Street Zen raised Yext from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yext in a research report on Monday, August 31st. B Riley reiterated a "neutral" rating on shares of Yext in a report on Wednesday, September 2nd. Zacks Research lowered shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Finally, B. Riley Financial boosted their target price on shares of Yext from $5.00 to $7.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $6.33.

Insider Activity

In other Yext news, General Counsel Ho Shin sold 30,000 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $6.39, for a total value of $191,700.00. Following the transaction, the general counsel directly owned 289,269 shares in the company, valued at $1,848,428.91. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander purchased 76,190 shares of Yext stock in a transaction on Monday, July 13th. The stock was purchased at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares of the company's stock, valued at approximately $737,011.80. This represents a 117.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 7.80% of the stock is currently owned by corporate insiders.

Yext Stock Performance

NYSE YEXT opened at $6.38 on Monday. Yext has a twelve month low of $3.27 and a twelve month high of $9.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14. The company's 50-day simple moving average is $5.84 and its 200 day simple moving average is $4.81. The stock has a market cap of $631.00 million, a P/E ratio of 37.50 and a beta of 1.15.

Yext (NYSE:YEXT - Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $111.10 million during the quarter, compared to the consensus estimate of $111.30 million. Yext had a return on equity of 43.23% and a net margin of 5.90%.Yext's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. As a group, research analysts forecast that Yext will post 0.46 earnings per share for the current fiscal year.

Yext Company Profile

Yext, Inc NYSE: YEXT provides a digital experience platform that helps organizations manage and improve the information customers encounter across websites, search engines, maps, social networks and other digital services. Its technology is designed to help businesses deliver accurate, consistent and discoverable information across multiple online channels.

The company's platform is built around a centralized knowledge base and includes tools for digital listings, website content, site search, reviews, analytics and customer engagement.

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