Invictus RG lifted its stake in Yext Inc (NYSE:YEXT) by 55.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,345 shares of the company’s stock after acquiring an additional 7,641 shares during the quarter. Invictus RG’s holdings in Yext were worth $506,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of YEXT. BlueMountain Capital Management LLC acquired a new position in shares of Yext in the 2nd quarter worth approximately $118,000. FMR LLC acquired a new position in shares of Yext in the 3rd quarter worth approximately $203,000. UBS Group AG lifted its holdings in shares of Yext by 42.2% in the 1st quarter. UBS Group AG now owns 17,577 shares of the company’s stock worth $222,000 after acquiring an additional 5,217 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Yext in the 2nd quarter worth approximately $223,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Yext in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.
Shares of NYSE YEXT opened at $15.08 on Thursday. Yext Inc has a 52 week low of $10.58 and a 52 week high of $27.19. The stock has a market capitalization of $1.52 billion, a P/E ratio of -17.74 and a beta of 1.46.
Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, November 29th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. The company had revenue of $58.70 million during the quarter, compared to analyst estimates of $58.39 million. During the same quarter last year, the business earned ($0.12) EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. Research analysts forecast that Yext Inc will post -0.83 EPS for the current fiscal year.
In other Yext news, CFO Steven Cakebread sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $25.73, for a total transaction of $514,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $26.62, for a total transaction of $798,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 866,894 shares of company stock valued at $17,966,181 over the last 90 days. 20.80% of the stock is currently owned by insiders.
A number of research firms have issued reports on YEXT. SunTrust Banks began coverage on shares of Yext in a report on Monday, August 13th. They set a “buy” rating on the stock. KeyCorp reissued a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Morgan Stanley reiterated a “hold” rating and set a $26.00 price target (up previously from $15.00) on shares of Yext in a research note on Tuesday, September 18th. DA Davidson started coverage on shares of Yext in a research note on Monday, October 8th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Berenberg Bank started coverage on shares of Yext in a research note on Friday, November 16th. They issued a “buy” rating and a $25.00 target price for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.00.
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Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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