Hillsdale Investment Management Inc. Boosts Stake in Yext $YEXT

Hillsdale Investment Management Inc. boosted its position in Yext (NYSE:YEXT) by 33.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 791,130 shares of the company’s stock after purchasing an additional 199,730 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.64% of Yext worth $6,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Yext by 1.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after buying an additional 4,802 shares during the period. Millennium Management LLC purchased a new position in Yext during the 1st quarter valued at $3,964,000. CWM LLC boosted its holdings in Yext by 50.5% during the 2nd quarter. CWM LLC now owns 14,574 shares of the company’s stock valued at $124,000 after acquiring an additional 4,893 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Yext in the 2nd quarter valued at $521,000. Finally, AlphaQuest LLC increased its stake in Yext by 66.8% in the second quarter. AlphaQuest LLC now owns 105,852 shares of the company’s stock worth $900,000 after purchasing an additional 42,389 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YEXT. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson decreased their price objective on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Finally, Weiss Ratings raised shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.88.

Yext Stock Performance

Shares of Yext stock opened at $5.54 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $7.15 and its 200-day moving average price is $8.06. The firm has a market cap of $680.42 million, a P/E ratio of -552.95 and a beta of 0.98. Yext has a 12 month low of $4.66 and a 12 month high of $9.20.

Yext (NYSE:YEXT) last issued its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, equities research analysts expect 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.