JPMorgan Chase & Co. Grows Holdings in Yext, Inc. (NYSE:YEXT)

JPMorgan Chase & Co. boosted its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,693 shares of the company's stock after acquiring an additional 201,472 shares during the period. JPMorgan Chase & Co. owned 0.56% of Yext worth $4,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Yext in the 4th quarter worth approximately $2,219,000. Hussman Strategic Advisors Inc. bought a new stake in Yext during the fourth quarter valued at about $1,336,000. Vanguard Group Inc. raised its stake in shares of Yext by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock worth $100,906,000 after buying an additional 204,329 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Yext by 28.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after acquiring an additional 186,639 shares in the last quarter. Finally, Barclays PLC raised its stake in Yext by 137.3% during the 3rd quarter. Barclays PLC now owns 238,361 shares of the company's stock worth $1,650,000 after acquiring an additional 137,921 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

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

Yext Stock Up 1.2 %

Yext stock traded up $0.07 during midday trading on Wednesday, reaching $6.15. 407,769 shares of the stock traded hands, compared to its average volume of 890,943. The stock has a market cap of $777.88 million, a P/E ratio of -41.00 and a beta of 1.20. The stock's fifty day moving average is $6.25 and its 200-day moving average is $6.77. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. On average, equities analysts predict that Yext, Inc. will post -0.12 EPS for the current fiscal year.

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.