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

Emmett Investment Management LP boosted its holdings in shares of Yext (NYSE:YEXT) by 70.0% in the third quarter, HoldingsChannel reports. The fund owned 373,663 shares of the company’s stock after acquiring an additional 153,849 shares during the period. Yext accounts for 2.3% of Emmett Investment Management LP’s portfolio, making the stock its 17th biggest holding. Emmett Investment Management LP’s holdings in Yext were worth $3,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Yext during the first quarter valued at approximately $3,964,000. Hillsdale Investment Management Inc. bought a new stake in shares of Yext in the 2nd quarter worth approximately $5,027,000. Qube Research & Technologies Ltd boosted its position in shares of Yext by 97.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 957,958 shares of the company’s stock worth $8,143,000 after purchasing an additional 472,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Yext by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after buying an additional 371,253 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Yext in the 2nd quarter worth approximately $3,138,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

YEXT has been the subject of a number of recent research reports. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. DA Davidson reissued a “neutral” rating and issued a $6.00 target price on shares of Yext in a research note on Wednesday. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a report on Sunday. B. Riley Financial lowered their price target on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yext has an average rating of “Hold” and an average price target of $7.50.

Yext Price Performance

Shares of YEXT opened at $5.24 on Friday. Yext has a twelve month low of $4.66 and a twelve month high of $9.20. The company has a market capitalization of $645.74 million, a P/E ratio of 87.26 and a beta of 1.01. The firm has a 50 day moving average of $6.34 and a 200 day moving average of $7.76. The company has a quick ratio of 1.09, a current ratio of 1.07 and a debt-to-equity ratio of 0.61.

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

Yext 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.