Raymond James & Associates Has $629,000 Position in Yext, Inc. (NYSE:YEXT)

Raymond James & Associates increased its holdings in shares of Yext, Inc. (NYSE:YEXT) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,827 shares of the company’s stock after purchasing an additional 10,592 shares during the period. Raymond James & Associates owned approximately 0.09% of Yext worth $629,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of YEXT. HB Wealth Management LLC raised its stake in shares of Yext by 19.9% during the 4th quarter. HB Wealth Management LLC now owns 30,070 shares of the company’s stock worth $177,000 after purchasing an additional 5,000 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Yext by 30.8% during the 4th quarter. Horrell Capital Management Inc. now owns 425,000 shares of the company’s stock worth $2,503,000 after purchasing an additional 100,000 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Yext during the 4th quarter worth $59,000. Vanguard Group Inc. raised its position in Yext by 1.4% in the third quarter. Vanguard Group Inc. now owns 15,327,897 shares of the company’s stock valued at $97,026,000 after purchasing an additional 211,986 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Yext in the third quarter valued at about $430,000. Institutional investors own 70.98% of the company’s stock.

Yext Price Performance

Shares of YEXT stock opened at $5.50 on Thursday. The stock has a market capitalization of $686.77 million, a PE ratio of -275.00 and a beta of 1.26. Yext, Inc. has a 1-year low of $5.22 and a 1-year high of $14.35. The business has a 50-day moving average of $5.89 and a 200 day moving average of $5.99.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $101.11 million during the quarter, compared to analyst estimates of $100.20 million. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. Analysts anticipate that Yext, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley reduced their price objective on Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.20.

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.