Connor Clark & Lunn Investment Management Ltd. Grows Position in Yext, Inc. (NYSE:YEXT)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 848,984 shares of the company's stock after acquiring an additional 186,639 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.67% of Yext worth $5,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in YEXT. Wilmington Savings Fund Society FSB bought a new stake in shares of Yext in the third quarter worth approximately $38,000. KBC Group NV purchased a new stake in Yext during the 4th quarter valued at $47,000. Quantinno Capital Management LP bought a new position in shares of Yext during the 3rd quarter valued at $76,000. Inceptionr LLC bought a new stake in shares of Yext in the fourth quarter worth $85,000. Finally, Entropy Technologies LP bought a new stake in shares of Yext in the fourth quarter worth $86,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Down 1.0 %

YEXT traded down $0.07 during trading on Thursday, hitting $6.34. The company's stock had a trading volume of 616,687 shares, compared to its average volume of 720,305. Yext, Inc. has a one year low of $4.29 and a one year high of $8.75. The firm has a market cap of $801.28 million, a PE ratio of -42.23 and a beta of 1.34. The business's 50 day simple moving average is $6.49 and its 200-day simple moving average is $6.81.

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Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations 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 expect that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.