Circumference Group LLC Sells 125,000 Shares of Yext, Inc. (NYSE:YEXT)

Circumference Group LLC lowered its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 13.4% during the fourth 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 period. Yext comprises 4.4% of Circumference Group LLC's investment portfolio, making the stock its 8th biggest position. Circumference Group LLC owned approximately 0.63% of Yext worth $5,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG increased its position in Yext by 11.0% during the fourth quarter. Deutsche Bank AG now owns 318,644 shares of the company's stock worth $2,027,000 after buying an additional 31,563 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Yext during the fourth quarter worth about $440,000. Bank of America Corp DE grew its holdings in shares of Yext by 10.0% during the fourth quarter. Bank of America Corp DE now owns 632,650 shares of the company's stock worth $4,024,000 after buying an additional 57,442 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Yext in the 4th quarter valued at about $119,000. Finally, Northern Trust Corp raised its stake in Yext by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after acquiring an additional 124,688 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

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

Yext Stock Up 1.6%

YEXT stock traded up $0.11 on Tuesday, reaching $6.80. 261,063 shares of the company's stock were exchanged, compared to its average volume of 723,415. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $6.73. The firm has a market cap of $847.23 million, a PE ratio of -45.33 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $112.77 million. On average, equities research analysts predict 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.