Horrell Capital Management Inc. Sells 125,000 Shares of Yext, Inc. (NYSE:YEXT)

Horrell Capital Management Inc. cut its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 807,800 shares of the company's stock after selling 125,000 shares during the period. Yext accounts for approximately 1.5% of Horrell Capital Management Inc.'s portfolio, making the stock its 22nd largest position. Horrell Capital Management Inc. owned 0.63% of Yext worth $5,138,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of YEXT. Victory Capital Management Inc. increased its stake in shares of Yext by 38.3% in the 3rd quarter. Victory Capital Management Inc. now owns 69,120 shares of the company's stock worth $478,000 after acquiring an additional 19,152 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Yext by 4.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 662,345 shares of the company's stock worth $4,583,000 after purchasing an additional 28,905 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Yext in the 3rd quarter worth approximately $145,000. Charles Schwab Investment Management Inc. increased its position in Yext by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company's stock valued at $8,254,000 after buying an additional 47,983 shares in the last quarter. Finally, FMR LLC raised its stake in Yext by 34.7% during the third quarter. FMR LLC now owns 552,218 shares of the company's stock valued at $3,821,000 after buying an additional 142,149 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

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Yext Stock Down 2.4 %

Shares of Yext stock traded down $0.16 on Friday, reaching $6.19. The company's stock had a trading volume of 668,452 shares, compared to its average volume of 878,875. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The firm's fifty day simple moving average is $6.47 and its two-hundred day simple moving average is $6.84. The company has a market capitalization of $782.31 million, a price-to-earnings ratio of -41.23 and a beta of 1.34.

Yext (NYSE:YEXT - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The business had revenue of $113.09 million for the quarter, compared to analysts' expectations of $112.77 million. As a group, research analysts predict that Yext, Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

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

Yext Company 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.