XTX Topco Ltd Purchases New Position in Yext, Inc. (NYSE:YEXT)

XTX Topco Ltd acquired a new stake in Yext, Inc. (NYSE:YEXT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,210 shares of the company's stock, valued at approximately $434,000. XTX Topco Ltd owned about 0.05% of Yext as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Yext by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock valued at $100,906,000 after acquiring an additional 204,329 shares during the period. Geode Capital Management LLC grew its holdings in shares of Yext by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company's stock valued at $15,347,000 after buying an additional 27,452 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Yext by 160.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock valued at $11,183,000 after buying an additional 1,082,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Yext by 28.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after buying an additional 186,639 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Yext by 39.1% in the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock valued at $4,558,000 after acquiring an additional 201,472 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

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

Yext Stock Performance

YEXT traded up $0.12 during trading hours on Friday, reaching $6.39. The company's stock had a trading volume of 379,903 shares, compared to its average volume of 892,739. The company's 50-day moving average is $6.23 and its 200-day moving average is $6.76. The firm has a market cap of $808.24 million, a PE ratio of -42.60 and a beta of 1.20. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $112.77 million. Equities analysts anticipate that Yext, Inc. will post -0.12 earnings per share 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.