56,447 Shares in Yext, Inc. (NYSE:YEXT) Purchased by Summit Global Investments

Summit Global Investments acquired a new position in Yext, Inc. (NYSE:YEXT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 56,447 shares of the company’s stock, valued at approximately $359,000.

Several other large investors also recently bought and sold shares of YEXT. Tenzing Global Management LLC boosted its stake in shares of Yext by 133.3% in the third quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock worth $14,532,000 after acquiring an additional 1,200,000 shares during the last quarter. Potrero Capital Research LLC boosted its stake in Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after purchasing an additional 900,975 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Yext by 224.2% during the third quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after buying an additional 356,324 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Yext in the fourth quarter valued at about $2,219,000. Finally, Zacks Investment Management raised its position in shares of Yext by 370.2% in the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after buying an additional 297,938 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Trading Up 1.7 %

Yext stock opened at $6.40 on Tuesday. The company has a 50-day moving average price of $6.47 and a 200 day moving average price of $6.85. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75. The stock has a market cap of $808.87 million, a P/E ratio of -42.63 and a beta of 1.34.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million during 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 forecast that Yext, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

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

Yext Company 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.