Yext (NYSE:YEXT) Hits New 1-Year Low at $5.19

Shares of Yext, Inc. (NYSE:YEXT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.19 and last traded at $5.20, with a volume of 426928 shares traded. The stock had previously closed at $5.34.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on shares of Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.20.

Yext Price Performance

The firm’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $5.92.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. The business had revenue of $101.11 million for the quarter, compared to the consensus estimate of $100.20 million. On average, equities analysts forecast that Yext, Inc. will post 0.06 EPS for the current year.

Hedge Funds Weigh In On Yext

Several large investors have recently modified their holdings of YEXT. Invenomic Capital Management LP grew its position in shares of Yext by 67.0% in the first quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock valued at $9,069,000 after purchasing an additional 603,598 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Yext by 652.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock worth $2,056,000 after purchasing an additional 295,658 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Yext by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after buying an additional 4,711 shares in the last quarter. EntryPoint Capital LLC grew its holdings in Yext by 300.4% during the 1st quarter. EntryPoint Capital LLC now owns 24,447 shares of the company’s stock valued at $147,000 after buying an additional 18,342 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Yext by 53.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock valued at $5,537,000 after buying an additional 321,812 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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.