Yext, Inc. (NYSE:YEXT) Position Decreased by Potrero Capital Research LLC

Potrero Capital Research LLC reduced its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,580,340 shares of the company's stock after selling 824,197 shares during the period. Yext accounts for approximately 5.5% of Potrero Capital Research LLC's investment portfolio, making the stock its 5th biggest holding. Potrero Capital Research LLC owned approximately 2.02% of Yext worth $16,411,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YEXT. ProShare Advisors LLC raised its holdings in shares of Yext by 51.3% during the fourth quarter. ProShare Advisors LLC now owns 29,971 shares of the company's stock valued at $191,000 after purchasing an additional 10,164 shares during the period. Quantinno Capital Management LP increased its position in Yext by 71.1% in the 4th quarter. Quantinno Capital Management LP now owns 18,676 shares of the company's stock valued at $119,000 after buying an additional 7,758 shares in the last quarter. Pathstone Holdings LLC bought a new stake in Yext in the 4th quarter valued at about $13,026,000. Deutsche Bank AG raised its stake in Yext by 11.0% during the 4th 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. Finally, Divisadero Street Capital Management LP bought a new position in Yext in the fourth quarter worth approximately $440,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Trading Up 0.1%

NYSE YEXT traded up $0.01 during trading hours on Tuesday, hitting $6.89. The company's stock had a trading volume of 141,015 shares, compared to its average volume of 713,572. The company has a market capitalization of $857.82 million, a PE ratio of -45.93 and a beta of 1.07. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The company's 50-day simple moving average is $6.31 and its two-hundred day simple moving average is $6.72.

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

Wall Street Analyst Weigh In

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

Yext Company 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.