Yext, Inc. (NYSE:YEXT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,865,674 shares of the company's stock after purchasing an additional 204,329 shares during the quarter. Vanguard Group Inc. owned approximately 12.43% of Yext worth $100,906,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Yext during the 3rd quarter worth $38,000. KBC Group NV purchased a new stake in Yext during the 4th quarter valued at about $47,000. Virtu Financial LLC acquired a new stake in Yext in the 4th quarter valued at about $67,000. Quantinno Capital Management LP purchased a new position in Yext in the 3rd quarter worth approximately $76,000. Finally, Inceptionr LLC purchased a new stake in shares of Yext in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Stock Up 4.6 %

NYSE:YEXT traded up $0.27 on Tuesday, reaching $6.18. The company's stock had a trading volume of 149,743 shares, compared to its average volume of 748,747. The firm has a market cap of $782.18 million, a price-to-earnings ratio of -41.23 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 has a 50 day moving average price of $6.32 and a 200 day moving average price of $6.79.

Yext (NYSE:YEXT - Get Free Report) last announced 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). 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 for the quarter, compared to analysts' expectations of $112.77 million. Equities research analysts expect that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective 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.