Circumference Group LLC Decreases Stock Position in Yext, Inc. (NYSE:YEXT)

Circumference Group LLC cut its position in Yext, Inc. (NYSE:YEXT - Free Report) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,800 shares of the company's stock after selling 125,000 shares during the quarter. Yext comprises 4.4% of Circumference Group LLC's investment portfolio, making the stock its 8th biggest position. Circumference Group LLC owned about 0.63% of Yext worth $5,138,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 purchasing an additional 204,329 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Yext by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company's stock worth $15,347,000 after acquiring an additional 27,452 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 1,082,153 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Yext by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock valued at $9,346,000 after purchasing an additional 273,498 shares in the last quarter. Finally, Northern Trust Corp raised its position in Yext by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after purchasing an additional 124,688 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on YEXT shares. Roth Mkm reiterated a "buy" rating and set a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a report on Thursday, April 3rd.

Yext Trading Up 0.9 %

YEXT stock traded up $0.06 during midday trading on Friday, hitting $6.63. The company's stock had a trading volume of 516,773 shares, compared to its average volume of 894,084. The company has a market cap of $826.04 million, a PE ratio of -44.20 and a beta of 1.07. The firm's 50-day moving average is $6.23 and its 200-day moving average is $6.73. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. Analysts expect that Yext, Inc. will post -0.12 earnings per share for the current 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.