Renaissance Technologies LLC Purchases 143,600 Shares of Yext, Inc. (NYSE:YEXT)

Renaissance Technologies LLC increased its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 91.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,900 shares of the company's stock after purchasing an additional 143,600 shares during the quarter. Renaissance Technologies LLC owned 0.23% of Yext worth $1,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of YEXT. Wilmington Savings Fund Society FSB acquired a new position in shares of Yext in the 3rd quarter valued at approximately $38,000. KBC Group NV acquired a new position in Yext during the fourth quarter valued at approximately $47,000. O Shaughnessy Asset Management LLC bought a new stake in Yext during the fourth quarter worth $64,000. EntryPoint Capital LLC bought a new stake in Yext during the fourth quarter worth $67,000. Finally, Virtu Financial LLC acquired a new stake in shares of Yext in the 4th quarter valued at $67,000. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on YEXT shares. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a report on Thursday, April 3rd. Roth Mkm reissued a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Stock Up 4.9 %

Shares of NYSE YEXT traded up $0.32 during midday trading on Tuesday, reaching $6.80. 759,020 shares of the company were exchanged, compared to its average volume of 893,561. The stock has a market cap of $859.47 million, a P/E ratio of -45.30 and a beta of 1.20. Yext, Inc. has a one year low of $4.29 and a one year high of $8.75. The stock's 50-day moving average price is $6.22 and its 200-day moving average price is $6.76.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). The firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. On average, equities research analysts anticipate that Yext, Inc. will post -0.12 EPS for the current 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.