XTX Topco Ltd Acquires Shares of 68,210 Yext, Inc. (NYSE:YEXT)

XTX Topco Ltd bought a new stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 68,210 shares of the company's stock, valued at approximately $434,000. XTX Topco Ltd owned approximately 0.05% of Yext at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Yext by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock worth $100,906,000 after buying an additional 204,329 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Yext by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company's stock valued at $15,347,000 after purchasing an additional 27,452 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Yext by 160.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock worth $11,183,000 after buying an additional 1,082,153 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Yext by 28.2% during 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. Finally, JPMorgan Chase & Co. grew its stake in Yext by 39.1% in the 4th quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock valued at $4,558,000 after buying an additional 201,472 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

YEXT has been the subject of several research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Yext in a research report on Thursday, April 3rd. Roth Mkm reiterated a "buy" rating and set a $9.50 target price (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Price Performance

Shares of YEXT traded up $0.12 on Friday, reaching $6.39. 379,903 shares of the stock traded hands, compared to its average volume of 895,420. The firm has a market cap of $808.24 million, a price-to-earnings ratio of -42.60 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 stock's 50-day moving average price is $6.22 and its 200-day moving average price is $6.76.

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

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.