Magnetar Financial LLC Buys 4,245 Shares of Yext, Inc. (NYSE:YEXT)

Magnetar Financial LLC boosted its stake in shares of Yext, Inc. (NYSE:YEXT) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,766 shares of the company’s stock after buying an additional 4,245 shares during the period. Magnetar Financial LLC’s holdings in Yext were worth $183,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Zacks Investment Management increased its holdings in shares of Yext by 370.2% during the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after acquiring an additional 297,938 shares in the last quarter. Geode Capital Management LLC increased its stake in Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after purchasing an additional 38,305 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yext by 28.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company’s stock valued at $5,400,000 after purchasing an additional 186,639 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Yext by 24.9% in the fourth quarter. King Luther Capital Management Corp now owns 218,527 shares of the company’s stock worth $1,390,000 after buying an additional 43,527 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Yext by 137.3% during the third quarter. Barclays PLC now owns 238,361 shares of the company’s stock valued at $1,650,000 after buying an additional 137,921 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

YEXT has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Yext in a report on Thursday, March 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target (down from $10.50) on shares of Yext in a report on Wednesday, February 26th.

Yext Stock Down 0.6 %

YEXT opened at $6.29 on Monday. The stock has a market capitalization of $795.72 million, a price-to-earnings ratio of -41.94 and a beta of 1.34. The firm has a 50 day moving average price of $6.48 and a 200-day moving average price of $6.84. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The company had revenue of $113.09 million for the quarter, compared to analysts’ expectations 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, analysts expect that Yext, Inc. will post -0.12 earnings per share for the current 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.