Yext, Inc. (NYSE:YEXT) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Yext, Inc. (NYSE:YEXT) by 65.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,308 shares of the company’s stock after selling 73,964 shares during the quarter. Trexquant Investment LP’s holdings in Yext were worth $250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Yext by 160.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock worth $11,183,000 after buying an additional 1,082,153 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Yext by 224.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock valued at $3,565,000 after acquiring an additional 356,324 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Yext in the 4th quarter worth about $2,219,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Yext in the 4th quarter worth about $1,336,000. Finally, Vanguard Group Inc. raised its stake in shares of Yext by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock valued at $100,906,000 after purchasing an additional 204,329 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on YEXT shares. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Yext in a report on Thursday, April 3rd. Roth Mkm reiterated a “buy” rating and issued a $9.50 price target (down from $10.50) on shares of Yext in a report on Wednesday, February 26th.

Yext Stock Performance

Yext stock opened at $5.90 on Monday. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The firm’s 50-day moving average is $6.33 and its 200-day moving average is $6.80. The company has a market cap of $745.63 million, a P/E ratio of -39.30 and a beta of 1.20.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The business had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, sell-side analysts predict that Yext, Inc. will post -0.12 earnings per share for the current year.

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.