Raymond James Financial Inc. Makes New Investment in Yext, Inc. (NYSE:YEXT)

Raymond James Financial Inc. bought a new stake in shares of Yext, Inc. (NYSE:YEXT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 348,944 shares of the company's stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned 0.27% of Yext at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YEXT. Summit Trail Advisors LLC raised its stake in shares of Yext by 1.8% in the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock worth $1,196,000 after buying an additional 3,409 shares during the period. Rhumbline Advisers lifted its holdings in Yext by 2.6% during the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock valued at $945,000 after purchasing an additional 3,813 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Yext by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 59,438 shares of the company's stock worth $378,000 after purchasing an additional 5,191 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Yext in the third quarter worth $38,000. Finally, KBC Group NV bought a new stake in shares of Yext during the 4th quarter valued at $47,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YEXT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a report on Thursday. Roth Mkm reiterated a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Finally, DA Davidson boosted their price target on Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a report on Tuesday, December 10th.

Yext Stock Down 1.5 %

NYSE YEXT traded down $0.10 during trading on Thursday, hitting $6.11. 875,062 shares of the stock traded hands, compared to its average volume of 875,837. The company has a market capitalization of $772.19 million, a P/E ratio of -40.70 and a beta of 1.20. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75. The firm has a 50-day simple moving average of $6.46 and a 200-day simple moving average of $6.83.

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

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.