Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Yext, Inc. (NYSE:YEXT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Yext, Inc. (NYSE:YEXT) by 86.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,377 shares of the company’s stock after buying an additional 20,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yext were worth $255,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Yext during the 3rd quarter valued at $32,000. Covestor Ltd lifted its stake in Yext by 17,238.7% during the third quarter. Covestor Ltd now owns 5,375 shares of the company’s stock worth $34,000 after purchasing an additional 5,344 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Yext in the 4th quarter worth about $56,000. Dynamic Advisor Solutions LLC bought a new position in shares of Yext during the 4th quarter valued at about $59,000. Finally, Alpine Global Management LLC purchased a new position in shares of Yext during the 3rd quarter valued at about $82,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their target price 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 equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Yext has an average rating of “Moderate Buy” and a consensus price target of $11.20.

Yext Trading Up 2.9 %

YEXT opened at $5.60 on Tuesday. Yext, Inc. has a 12 month low of $5.22 and a 12 month high of $14.35. The business’s 50-day moving average price is $5.78 and its 200-day moving average price is $5.95. The company has a market cap of $699.27 million, a P/E ratio of -280.00 and a beta of 1.27.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $101.11 million for the quarter, compared to analysts’ expectations of $100.20 million. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. Equities research analysts forecast that Yext, Inc. will post 0.06 earnings per share for the current fiscal 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.