US Bancorp DE Cuts Stock Holdings in Yext, Inc. (NYSE:YEXT)

US Bancorp DE trimmed its holdings in shares of Yext, Inc. (NYSE:YEXT) by 35.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,094 shares of the company’s stock after selling 8,200 shares during the period. US Bancorp DE’s holdings in Yext were worth $96,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Yext during the third quarter valued at about $38,000. KBC Group NV purchased a new stake in Yext during the fourth quarter valued at about $47,000. Quantinno Capital Management LP purchased a new stake in Yext during the third quarter valued at about $76,000. Entropy Technologies LP purchased a new stake in shares of Yext during the fourth quarter worth about $86,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Yext during the third quarter worth about $145,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YEXT has been the subject of a number of analyst reports. DA Davidson increased their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a report on Thursday, March 6th. Finally, Roth Mkm reiterated a “buy” rating and set a $9.50 target price (down from $10.50) on shares of Yext in a report on Wednesday, February 26th.

Yext Price Performance

YEXT stock opened at $6.08 on Monday. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The company has a market cap of $776.32 million, a P/E ratio of -40.55 and a beta of 1.34. The firm has a 50-day moving average of $6.49 and a 200 day moving average of $6.79.

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

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.