Yext, Inc. (NYSE:YEXT) Holdings Boosted by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its holdings in Yext, Inc. (NYSE:YEXT) by 67.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,503,960 shares of the company’s stock after acquiring an additional 603,598 shares during the period. Invenomic Capital Management LP’s holdings in Yext were worth $9,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Yext by 20.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,108,423 shares of the company’s stock valued at $6,529,000 after buying an additional 186,838 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Yext by 5.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock valued at $19,870,000 after buying an additional 176,063 shares during the last quarter. Circumference Group LLC bought a new stake in shares of Yext during the fourth quarter valued at approximately $2,503,000. BNP Paribas Financial Markets raised its holdings in Yext by 56.1% during the fourth quarter. BNP Paribas Financial Markets now owns 217,266 shares of the company’s stock worth $1,280,000 after purchasing an additional 78,040 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Yext by 937.2% during the fourth quarter. Russell Investments Group Ltd. now owns 119,626 shares of the company’s stock worth $705,000 after purchasing an additional 108,093 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Yext

In other Yext news, General Counsel Ho Shin sold 35,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $5.04, for a total transaction of $176,400.00. Following the sale, the general counsel now directly owns 125,207 shares of the company’s stock, valued at $631,043.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

YEXT has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and issued a $8.00 price target on shares of Yext in a research report on Tuesday, June 11th. Needham & Company LLC reissued a “hold” rating on shares of Yext in a research note on Monday, June 10th. Finally, DA Davidson decreased their target price on shares of Yext from $7.25 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.50.

Yext Trading Up 0.3 %

NYSE YEXT traded up $0.02 on Tuesday, reaching $5.78. The company’s stock had a trading volume of 626,086 shares, compared to its average volume of 902,573. The firm has a market cap of $728.46 million, a PE ratio of -115.50 and a beta of 1.21. The business has a 50-day moving average price of $5.17 and a 200 day moving average price of $5.60. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $9.87.

Yext (NYSE:YEXT) last posted its earnings results on Monday, June 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $95.99 million during the quarter, compared to the consensus estimate of $96.35 million. Yext had a negative net margin of 1.51% and a negative return on equity of 4.17%. Analysts anticipate that Yext, Inc. will post 0.04 earnings per share for the current fiscal year.

Yext Profile

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.