Yext $YEXT Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Yext (NYSE:YEXT) by 114.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 79,544 shares of the company’s stock after purchasing an additional 42,518 shares during the period. Teacher Retirement System of Texas owned 0.06% of Yext worth $676,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in Yext in the first quarter worth about $43,000. Martingale Asset Management L P lifted its holdings in Yext by 16.4% during the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after buying an additional 2,002 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of Yext in the 1st quarter worth approximately $90,000. 111 Capital bought a new stake in shares of Yext in the 2nd quarter valued at approximately $100,000. Finally, Entropy Technologies LP increased its holdings in shares of Yext by 24.3% in the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock valued at $104,000 after acquiring an additional 3,298 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YEXT shares. Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Yext in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.44.

Yext Stock Performance

Shares of YEXT opened at $8.48 on Friday. The firm has a fifty day moving average of $8.58 and a 200-day moving average of $8.08. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -70.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Yext has a 1 year low of $5.51 and a 1 year high of $9.20.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). The firm had revenue of $113.09 million during the quarter, compared to the consensus estimate of $111.24 million. Yext had a net margin of 1.66% and a return on equity of 4.90%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. As a group, equities analysts anticipate that Yext 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.