Alliancebernstein L.P. Acquires 84,660 Shares of Yext, Inc. (NYSE:YEXT)

Alliancebernstein L.P. raised its stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 419,767 shares of the company's stock after purchasing an additional 84,660 shares during the quarter. Alliancebernstein L.P. owned 0.33% of Yext worth $2,670,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Yext during the fourth quarter valued at approximately $64,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Yext by 160.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock valued at $11,183,000 after buying an additional 1,082,153 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Yext by 39.1% during the 4th quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock worth $4,558,000 after acquiring an additional 201,472 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Yext during the 4th quarter valued at about $67,000. Finally, Vanguard Group Inc. increased its stake in Yext by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock valued at $100,906,000 after acquiring an additional 204,329 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Stock Up 0.6 %

YEXT stock traded up $0.04 during midday trading on Friday, reaching $6.12. 716,607 shares of the company's stock traded hands, compared to its average volume of 894,328. The company has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $6.78. The company has a market cap of $773.46 million, a price-to-earnings ratio of -40.77 and a beta of 1.20. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly 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 analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Equities research analysts forecast that Yext, Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

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

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.