Fox Run Management L.L.C. Invests $104,000 in Yext, Inc. (NYSE:YEXT)

Fox Run Management L.L.C. bought a new stake in Yext, Inc. (NYSE:YEXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,358 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors also recently bought and sold shares of YEXT. Zacks Investment Management lifted its position in Yext by 370.2% in the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after purchasing an additional 297,938 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Yext by 28.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company’s stock worth $5,400,000 after buying an additional 186,639 shares during the period. Geode Capital Management LLC raised its holdings in Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after buying an additional 38,305 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Yext by 24.9% during the 4th quarter. King Luther Capital Management Corp now owns 218,527 shares of the company’s stock valued at $1,390,000 after buying an additional 43,527 shares during the last quarter. Finally, Barclays PLC boosted its position in Yext by 137.3% during the 3rd quarter. Barclays PLC now owns 238,361 shares of the company’s stock valued at $1,650,000 after buying an additional 137,921 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on YEXT. DA Davidson upped their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Yext in a report on Thursday, March 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th.

Yext Trading Down 2.4 %

Shares of NYSE YEXT opened at $6.19 on Friday. The firm has a fifty day simple moving average of $6.47 and a two-hundred day simple moving average of $6.84. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The firm has a market capitalization of $782.31 million, a PE ratio of -41.23 and a beta of 1.34.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. On average, sell-side analysts predict that Yext, Inc. will post -0.12 earnings per share for the current 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.