Raymond James Financial Inc. Takes Position 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 its most recent disclosure with the Securities and Exchange Commission. The firm acquired 348,944 shares of the company's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned about 0.27% of Yext as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in Yext during the third quarter valued at $38,000. KBC Group NV purchased a new stake in Yext during the 4th quarter worth approximately $47,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Yext during the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC purchased a new position in Yext in the 4th quarter valued at $67,000. Finally, Virtu Financial LLC acquired a new stake in Yext during the 4th quarter worth $67,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Trading Down 0.3 %

YEXT stock traded down $0.02 during trading on Friday, reaching $6.61. 425,385 shares of the stock were exchanged, compared to its average volume of 894,884. The firm has a market capitalization of $823.55 million, a price-to-earnings ratio of -44.07 and a beta of 1.07. The business has a 50 day moving average price of $6.24 and a 200-day moving average price of $6.75. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. On average, research analysts anticipate that Yext, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.