Arrowstreet Capital Limited Partnership Has $11.18 Million Stock Position in Yext, Inc. (NYSE:YEXT)

Arrowstreet Capital Limited Partnership lifted its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 160.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,758,394 shares of the company's stock after purchasing an additional 1,082,153 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.38% of Yext worth $11,183,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Yext in the 3rd quarter worth approximately $38,000. KBC Group NV bought a new position in Yext during the fourth quarter worth $47,000. EntryPoint Capital LLC bought a new position in Yext during the fourth quarter worth $67,000. Virtu Financial LLC acquired a new stake in Yext in the fourth quarter worth $67,000. Finally, Quantinno Capital Management LP acquired a new stake in Yext in the third quarter worth $76,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Trading Down 1.3 %

NYSE:YEXT traded down $0.08 during mid-day trading on Thursday, reaching $5.89. 83,213 shares of the stock were exchanged, compared to its average volume of 747,169. The business has a fifty day moving average price of $6.36 and a 200 day moving average price of $6.80. The firm has a market capitalization of $745.00 million, a PE ratio of -39.27 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 released 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). The firm 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%. On average, sell-side analysts forecast that Yext, Inc. will post -0.12 earnings per share for the current year.

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Analysts Set New Price Targets

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

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.