Yext, Inc. (NYSE:YEXT) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 30.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 817,420 shares of the company's stock after selling 353,631 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.64% of Yext worth $5,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in Yext during the fourth quarter worth about $47,000. O Shaughnessy Asset Management LLC acquired a new stake in Yext during the fourth quarter worth about $64,000. EntryPoint Capital LLC acquired a new stake in Yext during the fourth quarter worth about $67,000. Virtu Financial LLC acquired a new stake in Yext during the fourth quarter worth about $67,000. Finally, Martingale Asset Management L P acquired a new stake in Yext during the fourth quarter worth about $78,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on YEXT shares. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Yext in a research note on Thursday, April 3rd. Roth Mkm reiterated a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Stock Down 1.5%

NYSE:YEXT traded down $0.11 during trading hours on Tuesday, reaching $6.78. 56,047 shares of the stock were exchanged, compared to its average volume of 888,972. The stock has a market capitalization of $844.11 million, a P/E ratio of -45.17 and a beta of 1.07. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The firm has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.72.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to the consensus estimate 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, analysts expect that Yext, Inc. will post -0.12 earnings per share 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.