TIAA CREF Investment Management LLC purchased a new position in Yext Inc. (NYSE:YEXT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,209 shares of the company’s stock, valued at approximately $429,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Yext in the 2nd quarter valued at approximately $164,000. Alliancebernstein L.P. acquired a new position in shares of Yext in the 2nd quarter valued at approximately $172,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Yext in the 2nd quarter valued at approximately $280,000. Teachers Advisors LLC acquired a new position in shares of Yext in the 2nd quarter valued at approximately $285,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Yext in the 2nd quarter valued at approximately $400,000. Hedge funds and other institutional investors own 28.90% of the company’s stock.
In other Yext news, insider Tom Christopher Dixon sold 12,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $11.95, for a total value of $149,375.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Howard Lerman sold 25,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $12.04, for a total value of $301,000.00. The disclosure for this sale can be found here. Insiders sold 307,339 shares of company stock worth $3,855,314 over the last ninety days.
A number of equities analysts have issued reports on YEXT shares. Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 price target on shares of Yext in a research report on Monday, August 28th. BidaskClub raised Yext from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. KeyCorp reissued a “buy” rating and set a $16.00 price target on shares of Yext in a research report on Thursday, November 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $18.00 price target on shares of Yext in a research report on Friday, September 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Yext presently has a consensus rating of “Hold” and an average price target of $16.20.
Yext Inc. (NYSE YEXT) traded down $0.09 during mid-day trading on Tuesday, hitting $12.71. The company had a trading volume of 999,213 shares, compared to its average volume of 332,873. Yext Inc. has a twelve month low of $11.12 and a twelve month high of $15.11.
Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The company had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. research analysts predict that Yext Inc. will post -0.71 earnings per share for the current year.
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Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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