Versor Investments LP Invests $949,000 in Yext $YEXT

Versor Investments LP acquired a new position in shares of Yext (NYSE:YEXT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,679 shares of the company’s stock, valued at approximately $949,000. Versor Investments LP owned 0.09% of Yext at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Lynrock Lake LP boosted its position in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock worth $71,951,000 after buying an additional 1,009,285 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Yext by 13.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock worth $32,181,000 after buying an additional 614,960 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Yext by 21.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company’s stock worth $6,370,000 after buying an additional 185,116 shares during the period. Millennium Management LLC acquired a new position in shares of Yext during the first quarter worth about $3,964,000. Finally, Deutsche Bank AG boosted its position in shares of Yext by 61.0% during the first quarter. Deutsche Bank AG now owns 513,073 shares of the company’s stock worth $3,161,000 after buying an additional 194,429 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Price Performance

NYSE:YEXT opened at $8.48 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $8.65 and its two-hundred day moving average price is $8.01. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -70.65 and a beta of 0.96. Yext has a 12-month low of $5.51 and a 12-month high of $9.20.

Yext (NYSE:YEXT) last released its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). The business had revenue of $113.09 million during the quarter, compared to the consensus estimate of $111.24 million. Yext had a net margin of 1.66% and a return on equity of 4.90%. Yext’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts anticipate that Yext will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

YEXT has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Yext in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen raised Yext from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Yext has a consensus rating of “Hold” and a consensus price target of $9.44.

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.