Prudential Financial Inc. Sells 25,100 Shares of Yext, Inc. (NYSE:YEXT)

Prudential Financial Inc. lessened its position in Yext, Inc. (NYSE:YEXT) by 31.1% during the fourth quarter, Holdings Channel reports. The fund owned 55,540 shares of the company’s stock after selling 25,100 shares during the period. Prudential Financial Inc.’s holdings in Yext were worth $353,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in YEXT. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext in the 3rd quarter worth about $38,000. KBC Group NV purchased a new stake in Yext in the fourth quarter worth approximately $47,000. Virtu Financial LLC bought a new position in Yext during the fourth quarter valued at approximately $67,000. Quantinno Capital Management LP purchased a new position in shares of Yext during the third quarter worth approximately $76,000. Finally, Inceptionr LLC purchased a new position in shares of Yext during the fourth quarter worth approximately $85,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Price Performance

Shares of NYSE:YEXT opened at $5.93 on Friday. The stock’s 50-day moving average is $6.35 and its 200 day moving average is $6.80. The company has a market cap of $750.06 million, a PE ratio of -39.53 and a beta of 1.20. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) 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 for the quarter, compared to the consensus estimate of $112.77 million. Analysts expect that Yext, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on YEXT shares. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Yext in a research note on Thursday, April 3rd.

About Yext

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.