Renaissance Technologies LLC Increases Stake in Yext, Inc. (NYSE:YEXT)

Renaissance Technologies LLC boosted its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 91.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,900 shares of the company's stock after acquiring an additional 143,600 shares during the quarter. Renaissance Technologies LLC owned 0.23% of Yext worth $1,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in YEXT. Wells Fargo & Company MN lifted its position in shares of Yext by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 58,968 shares of the company's stock valued at $375,000 after acquiring an additional 18,642 shares during the period. Integrated Quantitative Investments LLC bought a new position in shares of Yext in the fourth quarter valued at approximately $271,000. Geode Capital Management LLC increased its position in shares of Yext by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company's stock valued at $15,347,000 after acquiring an additional 27,452 shares during the last quarter. Alliancebernstein L.P. boosted its position in Yext by 25.3% in the fourth quarter. Alliancebernstein L.P. now owns 419,767 shares of the company's stock worth $2,670,000 after purchasing an additional 84,660 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Yext in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Trading Down 1.1 %

Shares of Yext stock traded down $0.08 during trading on Thursday, hitting $6.73. The stock had a trading volume of 189,336 shares, compared to its average volume of 890,460. The firm has a market cap of $850.61 million, a price-to-earnings ratio of -44.83 and a beta of 1.20. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The business's 50-day moving average is $6.23 and its 200 day moving average is $6.76.

Yext (NYSE:YEXT - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). The firm 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, equities analysts expect that Yext, Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on YEXT. 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. Roth Mkm reissued a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th.

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.