Zacks Investment Management Trims Stock Holdings in Yext, Inc. (NYSE:YEXT)

Zacks Investment Management lessened its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 52.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,131 shares of the company's stock after selling 200,284 shares during the quarter. Zacks Investment Management owned 0.14% of Yext worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of YEXT. Barclays PLC increased its stake in Yext by 137.3% during the 3rd quarter. Barclays PLC now owns 238,361 shares of the company's stock valued at $1,650,000 after purchasing an additional 137,921 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Yext by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company's stock worth $16,507,000 after acquiring an additional 38,305 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Yext in the 3rd quarter worth $38,000. JPMorgan Chase & Co. grew its stake in shares of Yext by 224.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock worth $3,565,000 after acquiring an additional 356,324 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Yext by 38.5% in the 4th quarter. SG Americas Securities LLC now owns 46,183 shares of the company's stock worth $294,000 after acquiring an additional 12,841 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

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

Yext Price Performance

Shares of Yext stock traded up $0.08 on Thursday, reaching $6.22. 287,785 shares of the company traded hands, compared to its average volume of 748,999. The company has a 50 day moving average of $6.24 and a 200 day moving average of $6.76. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The firm has a market capitalization of $786.10 million, a PE ratio of -41.43 and a beta of 1.20.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings results 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). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The company had revenue of $113.09 million for the quarter, compared to analysts' expectations of $112.77 million. As a group, analysts anticipate that Yext, Inc. will post -0.12 earnings per share 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.