Summit Global Investments Purchases New Holdings in Yext, Inc. (NYSE:YEXT)

Summit Global Investments acquired a new position in Yext, Inc. (NYSE:YEXT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,447 shares of the company's stock, valued at approximately $359,000.

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

Analysts Set New Price Targets

YEXT has been the subject of a number of research analyst reports. Roth Mkm reiterated a "buy" rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson lifted 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price target on shares of Yext in a research note on Thursday, March 6th.

Remove Ads

Yext Price Performance

Yext stock traded down $0.16 during trading hours on Friday, hitting $6.19. The company had a trading volume of 668,452 shares, compared to its average volume of 878,875. The firm has a 50-day moving average of $6.47 and a 200 day moving average of $6.84. The firm has a market cap of $782.31 million, a PE ratio of -41.23 and a beta of 1.34. Yext, Inc. has a one year low of $4.29 and a one year high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share 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 the consensus estimate of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current year.

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.