Vanguard Group Inc boosted its position in Yext Inc (NYSE:YEXT) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,018,401 shares of the company’s stock after buying an additional 48,661 shares during the quarter. Vanguard Group Inc owned approximately 4.98% of Yext worth $118,936,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of YEXT. BlueMountain Capital Management LLC acquired a new stake in Yext in the 2nd quarter worth $118,000. FMR LLC acquired a new stake in Yext in the 3rd quarter worth $203,000. United Services Automobile Association acquired a new stake in Yext in the 2nd quarter worth $223,000. Signition LP acquired a new stake in Yext in the 3rd quarter worth $240,000. Finally, Legal & General Group Plc grew its position in Yext by 212.6% in the 2nd quarter. Legal & General Group Plc now owns 12,970 shares of the company’s stock worth $251,000 after purchasing an additional 8,821 shares during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.
In related news, CFO Steven Cakebread sold 20,000 shares of Yext stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $19.50, for a total transaction of $390,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip M. Fernandez sold 2,000 shares of Yext stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $18.01, for a total transaction of $36,020.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 700,067 shares of company stock worth $11,946,962. 20.80% of the stock is owned by company insiders.
YEXT has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of Yext in a research report on Monday, October 8th. They issued a “buy” rating and a $28.00 price target on the stock. Morgan Stanley restated a “hold” rating and issued a $26.00 price target (up from $15.00) on shares of Yext in a research report on Tuesday, September 18th. SunTrust Banks reiterated a “buy” rating and set a $28.00 target price on shares of Yext in a research report on Friday, December 14th. KeyCorp reiterated a “hold” rating on shares of Yext in a research report on Thursday, November 29th. Finally, Berenberg Bank started coverage on shares of Yext in a research report on Friday, November 16th. They set a “buy” rating and a $25.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Yext currently has a consensus rating of “Buy” and a consensus price target of $23.00.
Shares of Yext stock opened at $15.82 on Monday. Yext Inc has a twelve month low of $10.58 and a twelve month high of $27.19. The stock has a market cap of $1.55 billion, a PE ratio of -18.61 and a beta of 0.82.
Yext (NYSE:YEXT) last issued its earnings results on Thursday, November 29th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.04). Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. The business had revenue of $58.70 million for the quarter, compared to analyst estimates of $58.39 million. During the same quarter last year, the firm posted ($0.12) earnings per share. Yext’s revenue was up 32.5% on a year-over-year basis. Analysts anticipate that Yext Inc will post -0.83 earnings per share for the current year.
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Yext, Inc is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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