Yext, Inc. (NYSE:YEXT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in Yext, Inc. (NYSE:YEXT - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,043,508 shares of the company's stock after selling 149,311 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.82% of Yext worth $6,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext during the third quarter valued at approximately $38,000. KBC Group NV bought a new position in Yext in the fourth quarter worth approximately $47,000. Quantinno Capital Management LP purchased a new position in Yext during the third quarter valued at $76,000. Entropy Technologies LP bought a new position in shares of Yext during the 4th quarter valued at approximately $86,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Yext in the third quarter worth $145,000. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

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

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Yext Price Performance

YEXT stock traded down $0.16 during trading on Friday, hitting $6.19. 668,452 shares of the company traded hands, compared to its average volume of 878,224. The company has a market cap of $782.31 million, a PE ratio of -41.23 and a beta of 1.34. The stock's 50-day simple moving average is $6.47 and its 200 day simple moving average is $6.84. 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 analysts' consensus estimates 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 return on equity of 11.10% and a negative net margin of 4.64%. Research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current 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.