Horrell Capital Management Inc. Sells 125,000 Shares of Yext, Inc. (NYSE:YEXT)

Horrell Capital Management Inc. lessened its holdings in Yext, Inc. (NYSE:YEXT) by 13.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 807,800 shares of the company’s stock after selling 125,000 shares during the period. Yext comprises approximately 1.5% of Horrell Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Horrell Capital Management Inc. owned approximately 0.63% of Yext worth $5,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Yext by 1.3% during the fourth 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. Fox Run Management L.L.C. purchased a new position in shares of Yext during the 4th quarter valued at about $104,000. KLP Kapitalforvaltning AS purchased a new position in shares of Yext during the 4th quarter valued at about $149,000. American Century Companies Inc. grew its stake in shares of Yext by 72.5% during the 4th quarter. American Century Companies Inc. now owns 84,049 shares of the company’s stock valued at $535,000 after acquiring an additional 35,319 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Yext in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Yext in a report on Thursday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, DA Davidson increased their price target on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

Yext Price Performance

Yext stock opened at $6.29 on Monday. The firm’s 50 day moving average price is $6.48 and its 200-day moving average price is $6.84. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The stock has a market cap of $795.72 million, a P/E ratio of -41.94 and a beta of 1.34.

Yext (NYSE:YEXT) last announced 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). The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. As a group, equities analysts expect that Yext, Inc. will post -0.12 EPS 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.