JPMorgan Chase & Co. Raises Stake in Yext, Inc. (NYSE:YEXT)

JPMorgan Chase & Co. raised its stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 716,693 shares of the company's stock after acquiring an additional 201,472 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.56% of Yext worth $4,558,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC increased its holdings in Yext by 137.3% during the third quarter. Barclays PLC now owns 238,361 shares of the company's stock worth $1,650,000 after buying an additional 137,921 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company's stock worth $16,507,000 after acquiring an additional 38,305 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Yext in the 3rd quarter worth about $38,000. SG Americas Securities LLC raised its position in shares of Yext by 38.5% in the 4th quarter. SG Americas Securities LLC now owns 46,183 shares of the company's stock worth $294,000 after purchasing an additional 12,841 shares during the last quarter. Finally, KBC Group NV purchased a new position in Yext in the fourth quarter worth about $47,000. Institutional investors own 70.98% of the company's stock.

Yext Trading Up 0.7 %

YEXT stock traded up $0.05 during midday trading on Thursday, reaching $6.19. The stock had a trading volume of 154,301 shares, compared to its average volume of 891,147. The company has a market cap of $782.31 million, a price-to-earnings ratio of -41.23 and a beta of 1.20. The company's fifty day simple moving average is $6.24 and its 200 day simple moving average is $6.76. Yext, Inc. has a 52-week low of $4.29 and a 52-week high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last posted 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 business had revenue of $113.09 million during the quarter, compared to analysts' expectations of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. Sell-side analysts predict that Yext, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on YEXT. Roth Mkm reaffirmed a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 target price on shares of Yext in a research report on Thursday, April 3rd.

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.