Swiss National Bank Acquires 5,400 Shares of Yext, Inc. (NYSE:YEXT)

Swiss National Bank boosted its stake in shares of Yext, Inc. (NYSE:YEXT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,900 shares of the company’s stock after buying an additional 5,400 shares during the period. Swiss National Bank’s holdings in Yext were worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of YEXT. Potrero Capital Research LLC lifted its stake in shares of Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after purchasing an additional 900,975 shares during the last quarter. Geode Capital Management LLC raised its holdings in Yext by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock worth $16,507,000 after purchasing an additional 38,305 shares in the last quarter. Tenzing Global Management LLC raised its holdings in Yext by 133.3% in the third quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock worth $14,532,000 after purchasing an additional 1,200,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Yext by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock valued at $8,254,000 after buying an additional 47,983 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Yext by 21.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,171,051 shares of the company’s stock valued at $8,104,000 after buying an additional 203,179 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Stock Down 2.4 %

YEXT stock opened at $6.19 on Friday. The stock has a market capitalization of $782.31 million, a PE ratio of -41.23 and a beta of 1.34. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The firm has a 50 day moving average of $6.47 and a 200 day moving average of $6.84.

Yext (NYSE:YEXT) last announced its quarterly earnings data 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 company had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. On average, equities research analysts expect that Yext, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Yext in a research report on Thursday, March 6th. Roth Mkm reiterated a “buy” rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, DA Davidson boosted 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.

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.