Zacks Investment Management Sells 200,284 Shares of Yext, Inc. (NYSE:YEXT)

Zacks Investment Management trimmed its holdings in shares of Yext, Inc. (NYSE:YEXT) by 52.9% during the fourth quarter, HoldingsChannel reports. The firm owned 178,131 shares of the company’s stock after selling 200,284 shares during the quarter. Zacks Investment Management’s holdings in Yext were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Yext in the third quarter worth about $38,000. KBC Group NV purchased a new stake in shares of Yext during the 4th quarter worth approximately $47,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Yext in the 4th quarter worth approximately $64,000. Virtu Financial LLC purchased a new position in Yext in the fourth quarter valued at approximately $67,000. Finally, EntryPoint Capital LLC bought a new position in Yext during the fourth quarter valued at $67,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on YEXT. Roth Mkm restated a “buy” rating and issued a $9.50 target price (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Yext in a research note on Thursday, April 3rd.

Yext Trading Up 0.6 %

Yext stock opened at $6.12 on Friday. The firm has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.77. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The firm has a market capitalization of $773.46 million, a price-to-earnings ratio of -40.77 and a beta of 1.20.

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

Yext Company 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.