AlphaQuest LLC Invests $343,000 in Yext, Inc. (NYSE:YEXT)

AlphaQuest LLC purchased a new position in shares of Yext, Inc. (NYSE:YEXT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,949 shares of the company's stock, valued at approximately $343,000.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Yext during the third quarter worth about $38,000. KBC Group NV purchased a new position in shares of Yext in the fourth quarter valued at approximately $47,000. Quantinno Capital Management LP acquired a new stake in Yext during the 3rd quarter worth $76,000. Inceptionr LLC purchased a new stake in Yext during the 4th quarter valued at about $85,000. Finally, Entropy Technologies LP purchased a new stake in shares of Yext in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on YEXT shares. DA Davidson raised their price target on Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Yext in a research note on Thursday, March 6th. Finally, Roth Mkm reiterated a "buy" rating and issued a $9.50 target price (down from $10.50) on shares of Yext in a report on Wednesday, February 26th.

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Yext Stock Up 1.6 %

Shares of Yext stock traded up $0.10 during trading on Tuesday, reaching $6.26. The company's stock had a trading volume of 732,237 shares, compared to its average volume of 857,230. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75. The business has a 50 day moving average price of $6.49 and a 200-day moving average price of $6.80. The company has a market capitalization of $798.65 million, a P/E ratio of -41.72 and a beta of 1.34.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (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 firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Research analysts predict that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Yext 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.