Vanguard Group Inc. Has $130.45 Million Position in Yext $YEXT

Vanguard Group Inc. trimmed its holdings in shares of Yext (NYSE:YEXT) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 15,310,897 shares of the company’s stock after selling 151,785 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Yext worth $130,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Yext by 1.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after purchasing an additional 4,802 shares during the period. Millennium Management LLC acquired a new stake in shares of Yext in the first quarter valued at about $3,964,000. Teacher Retirement System of Texas lifted its stake in shares of Yext by 114.8% in the second quarter. Teacher Retirement System of Texas now owns 79,544 shares of the company’s stock worth $676,000 after acquiring an additional 42,518 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Yext in the second quarter worth approximately $892,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Yext by 57.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after acquiring an additional 595,819 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

Shares of NYSE YEXT opened at $5.68 on Wednesday. The stock has a market cap of $698.24 million, a price-to-earnings ratio of -567.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20. The firm’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.94.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Monday, December 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, research analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, DA Davidson decreased their price target on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Yext has an average rating of “Hold” and an average price target of $8.67.

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.