Yext, Inc. (NYSE:YEXT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,327,897 shares of the company's stock after buying an additional 211,986 shares during the period. Vanguard Group Inc. owned 12.35% of Yext worth $97,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Yext by 5.5% during the 1st quarter. BlackRock Inc. now owns 11,289,862 shares of the company's stock valued at $77,787,000 after purchasing an additional 589,806 shares during the last quarter. Millennium Management LLC grew its stake in shares of Yext by 2.0% during the second quarter. Millennium Management LLC now owns 3,427,121 shares of the company's stock worth $16,382,000 after acquiring an additional 66,408 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Yext by 48.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,197,513 shares of the company's stock valued at $20,240,000 after acquiring an additional 1,048,244 shares in the last quarter. State Street Corp boosted its stake in Yext by 1.4% in the 3rd quarter. State Street Corp now owns 2,679,849 shares of the company's stock worth $11,952,000 after purchasing an additional 35,902 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Yext by 23.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,498,814 shares of the company's stock worth $11,144,000 after purchasing an additional 474,897 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their target price on Yext from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.20.

Yext Trading Down 0.3 %

Shares of YEXT stock traded down $0.01 during trading hours on Friday, hitting $5.92. The company's stock had a trading volume of 532,446 shares, compared to its average volume of 811,769. The stock has a market cap of $738.61 million, a PE ratio of -296.75 and a beta of 1.26. Yext, Inc. has a 12-month low of $5.22 and a 12-month high of $14.35. The company has a 50 day moving average of $5.99 and a 200 day moving average of $6.05.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $101.11 million during the quarter, compared to analysts' expectations of $100.20 million. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. As a group, analysts anticipate that Yext, Inc. will post 0.06 earnings per share for the current fiscal year.

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.