Raymond James Financial Inc. Makes New Investment in Yext, Inc. (NYSE:YEXT)

Raymond James Financial Inc. acquired a new stake in Yext, Inc. (NYSE:YEXT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 348,944 shares of the company's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned approximately 0.27% of Yext at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Yext by 137.3% in the third quarter. Barclays PLC now owns 238,361 shares of the company's stock valued at $1,650,000 after acquiring an additional 137,921 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Yext during the 3rd quarter worth $38,000. JPMorgan Chase & Co. grew its position in Yext by 224.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock worth $3,565,000 after purchasing an additional 356,324 shares during the last quarter. SG Americas Securities LLC increased its stake in Yext by 38.5% in the fourth quarter. SG Americas Securities LLC now owns 46,183 shares of the company's stock valued at $294,000 after purchasing an additional 12,841 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Yext in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Price Performance

NYSE YEXT traded down $0.12 on Tuesday, hitting $6.47. 652,338 shares of the company's stock were exchanged, compared to its average volume of 896,060. The firm's 50-day moving average price is $6.24 and its two-hundred day moving average price is $6.74. The firm has a market cap of $805.49 million, a price-to-earnings ratio of -43.10 and a beta of 1.07. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million for 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%. On average, research analysts predict that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Yext 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.