Emmett Investment Management LP Purchases 153,849 Shares of Yext $YEXT

Emmett Investment Management LP lifted its position in shares of Yext (NYSE:YEXT) by 70.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 373,663 shares of the company’s stock after purchasing an additional 153,849 shares during the period. Yext accounts for approximately 2.3% of Emmett Investment Management LP’s portfolio, making the stock its 17th largest position. Emmett Investment Management LP owned 0.30% of Yext worth $3,150,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of YEXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after purchasing an additional 4,802 shares during the period. Millennium Management LLC purchased a new stake in Yext in the 1st quarter worth approximately $3,964,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in Yext by 19.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock worth $216,000 after buying an additional 4,060 shares during the period. Creative Planning bought a new stake in shares of Yext in the 2nd quarter worth approximately $109,000. Finally, Cetera Investment Advisers bought a new stake in shares of Yext in the 2nd quarter worth approximately $1,413,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YEXT shares. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a report on Sunday. Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and cut their price target for the company from $9.50 to $6.00 in a report on Wednesday. B. Riley Financial reduced their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. DA Davidson restated a “neutral” rating and issued a $6.00 price objective on shares of Yext in a report on Wednesday. Finally, Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Yext Stock Down 0.5%

YEXT stock opened at $5.24 on Friday. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20. The company has a market capitalization of $645.74 million, a price-to-earnings ratio of 87.26 and a beta of 1.01. The business’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $7.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.07.

Yext (NYSE:YEXT) last released its earnings results on Monday, March 9th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $114.21 million. During the same quarter last year, the business posted $0.13 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Yext Company 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.