Vestcor Inc Makes New Investment in Yext, Inc. (NYSE:YEXT)

Vestcor Inc acquired a new position in shares of Yext, Inc. (NYSE:YEXT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,771 shares of the company’s stock, valued at approximately $170,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Potrero Capital Research LLC raised its position in Yext by 36.0% during the third quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after acquiring an additional 900,975 shares during the period. Geode Capital Management LLC raised its position in shares of Yext by 1.6% in the third 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. Tenzing Global Management LLC raised its position in shares of Yext by 133.3% in the third quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $14,532,000 after buying an additional 1,200,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Yext by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock valued at $8,254,000 after buying an additional 47,983 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Yext by 21.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,171,051 shares of the company’s stock valued at $8,104,000 after buying an additional 203,179 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

Shares of NYSE YEXT opened at $6.26 on Wednesday. The company has a market capitalization of $791.54 million, a P/E ratio of -41.72 and a beta of 1.34. The company has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $6.81. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75.

Yext (NYSE:YEXT) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The business had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. As a group, research analysts expect that Yext, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on YEXT shares. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Thursday, March 6th. Roth Mkm reiterated a “buy” rating and issued a $9.50 target price (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Finally, DA Davidson increased their target price on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

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.