Vanguard Group Inc. Has $130.45 Million Stock Holdings in Yext $YEXT

Vanguard Group Inc. reduced its stake in Yext (NYSE:YEXT) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,310,897 shares of the company’s stock after selling 151,785 shares during the period. Vanguard Group Inc. owned 12.42% of Yext worth $130,449,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Haven Private LLC grew its stake in Yext by 2.7% in the 3rd quarter. Haven Private LLC now owns 57,362 shares of the company’s stock valued at $489,000 after buying an additional 1,507 shares during the last quarter. LSV Asset Management bought a new position in shares of Yext during the third quarter worth approximately $255,000. Principal Financial Group Inc. lifted its holdings in Yext by 100.9% during the 3rd quarter. Principal Financial Group Inc. now owns 93,801 shares of the company’s stock worth $799,000 after purchasing an additional 47,108 shares during the last quarter. Acuitas Investments LLC boosted its stake in Yext by 82.7% in the 3rd quarter. Acuitas Investments LLC now owns 36,350 shares of the company’s stock valued at $310,000 after purchasing an additional 16,450 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Yext in the 3rd quarter valued at $521,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

YEXT has been the topic of several research reports. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. DA Davidson dropped their price target on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Two investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.67.

Yext Trading Up 1.2%

Shares of YEXT opened at $5.68 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. Yext has a 52-week low of $4.66 and a 52-week high of $9.20. The firm has a market cap of $698.24 million, a price-to-earnings ratio of -567.43 and a beta of 1.01. The business’s fifty day moving average is $6.76 and its 200-day moving average is $7.94.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Yext Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.