Yext, Inc. (NYSE:YEXT) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its position in Yext, Inc. (NYSE:YEXT) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,532 shares of the company’s stock after selling 7,566 shares during the period. Gotham Asset Management LLC’s holdings in Yext were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of YEXT. Arrowstreet Capital Limited Partnership lifted its stake in shares of Yext by 160.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock valued at $11,183,000 after purchasing an additional 1,082,153 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Yext during the 4th quarter valued at about $2,219,000. Dimensional Fund Advisors LP raised its holdings in shares of Yext by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company’s stock valued at $9,346,000 after buying an additional 273,498 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in shares of Yext during the 4th quarter valued at about $1,336,000. Finally, Vanguard Group Inc. raised its holdings in shares of Yext by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock valued at $100,906,000 after buying an additional 204,329 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a report on Thursday, April 3rd.

Yext Stock Down 0.4%

Shares of YEXT opened at $6.85 on Wednesday. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $6.72. Yext, Inc. has a 52-week low of $4.29 and a 52-week high of $8.75. The firm has a market cap of $853.46 million, a price-to-earnings ratio of -45.67 and a beta of 1.07.

Yext (NYSE:YEXT) last announced 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). 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 during the quarter, compared to analyst estimates of $112.77 million. On average, equities 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.