Yext (NYSE:YEXT) Shares Down 6.1% - Here's Why

Yext, Inc. (NYSE:YEXT - Get Free Report)'s stock price fell 6.1% during trading on Thursday . The company traded as low as $8.09 and last traded at $8.43. 858,459 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 916,422 shares. The stock had previously closed at $8.97.

Wall Street Analyst Weigh In

A number of research firms have commented on YEXT. Roth Mkm restated a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.00 to $10.00 in a research report on Wednesday. DA Davidson lifted their target price on Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a research report on Wednesday.

Yext Price Performance

The stock has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.68. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -59.20 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last released 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 company had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. New Age Alpha Advisors LLC acquired a new position in shares of Yext during the 1st quarter worth about $43,000. KBC Group NV acquired a new position in shares of Yext during the 4th quarter worth about $47,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Yext during the 4th quarter worth about $64,000. EntryPoint Capital LLC acquired a new position in shares of Yext during the 4th quarter worth about $67,000. Finally, Virtu Financial LLC acquired a new position in shares of Yext during the 4th quarter worth about $67,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.