Yext, Inc. (NYSE:YEXT) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp increased its holdings in Yext, Inc. (NYSE:YEXT) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,527 shares of the company’s stock after buying an additional 43,527 shares during the quarter. King Luther Capital Management Corp owned about 0.17% of Yext worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YEXT. AlphaQuest LLC purchased a new position in shares of Yext in the 4th quarter valued at about $343,000. Amundi lifted its stake in Yext by 7.7% in the 4th quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares in the last quarter. Haven Private LLC acquired a new position in Yext during the fourth quarter worth $383,000. Inceptionr LLC purchased a new stake in shares of Yext in the fourth quarter valued at about $85,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Yext during the 4th quarter worth approximately $2,219,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Stock Performance

Shares of Yext stock opened at $6.01 on Friday. The company has a market capitalization of $766.36 million, a P/E ratio of -40.03 and a beta of 1.34. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The company’s fifty day moving average is $6.51 and its two-hundred day moving average is $6.77.

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 for the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, equities analysts expect that Yext, Inc. will post -0.12 earnings per share for the current year.

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 stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Yext in a research report on Thursday, March 6th. Finally, Roth Mkm restated a “buy” rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

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.