Voya Investment Management LLC Sells 133,165 Shares of Yext, Inc. (NYSE:YEXT)

Voya Investment Management LLC lowered its position in Yext, Inc. (NYSE:YEXT - Free Report) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 479,533 shares of the company's stock after selling 133,165 shares during the period. Voya Investment Management LLC owned 0.38% of Yext worth $3,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of YEXT. Arrowstreet Capital Limited Partnership lifted its stake in shares of Yext by 160.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock valued at $11,183,000 after acquiring an additional 1,082,153 shares during the period. JPMorgan Chase & Co. lifted its holdings in Yext by 224.2% in the third quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock valued at $3,565,000 after buying an additional 356,324 shares during the period. Raymond James Financial Inc. bought a new position in shares of Yext in the 4th quarter worth $2,219,000. Dimensional Fund Advisors LP increased its holdings in Yext by 22.9% in 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 during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in Yext during the fourth quarter worth about $1,336,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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 issued a $10.00 price objective on shares of Yext in a research report on Thursday, April 3rd.

Yext Trading Down 0.4 %

Shares of YEXT traded down $0.03 during mid-day trading on Wednesday, reaching $6.46. The company's stock had a trading volume of 189,473 shares, compared to its average volume of 893,288. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The business has a 50-day simple moving average of $6.24 and a two-hundred day simple moving average of $6.74. The stock has a market cap of $804.24 million, a P/E ratio of -43.03 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20). The firm had revenue of $113.09 million during 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%. Research analysts anticipate that Yext, Inc. will post -0.12 EPS for the current year.

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.