Tower Research Capital LLC TRC Acquires 58,861 Shares of Yext, Inc. (NYSE:YEXT)

Tower Research Capital LLC TRC grew its stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 3,761.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,426 shares of the company's stock after buying an additional 58,861 shares during the quarter. Tower Research Capital LLC TRC's holdings in Yext were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Yext by 28.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after buying an additional 186,639 shares during the period. Raymond James Financial Inc. purchased a new stake in Yext in the fourth quarter worth $2,219,000. JPMorgan Chase & Co. boosted its holdings in Yext by 39.1% in the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock valued at $4,558,000 after acquiring an additional 201,472 shares in the last quarter. King Luther Capital Management Corp increased its position in Yext by 24.9% during the 4th quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock valued at $1,390,000 after purchasing an additional 43,527 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Yext in the 4th quarter worth about $1,336,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Yext Price Performance

NYSE YEXT traded down $0.03 during trading hours on Monday, reaching $6.60. 341,840 shares of the company's stock traded hands, compared to its average volume of 894,388. Yext, Inc. has a 52-week low of $4.29 and a 52-week high of $8.75. The firm has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.75. The firm has a market cap of $821.68 million, a PE ratio of -43.97 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly 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). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Sell-side analysts forecast that Yext, Inc. will post -0.12 EPS 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.