Mirae Asset Global Investments Co. Ltd. Buys 146,434 Shares of Yext, Inc. (NYSE:YEXT)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Yext, Inc. (NYSE:YEXT) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,262,185 shares of the company’s stock after buying an additional 146,434 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 1.02% of Yext worth $7,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YEXT. International Assets Investment Management LLC bought a new position in Yext during the 3rd quarter valued at approximately $25,000. US Bancorp DE boosted its stake in Yext by 311.6% during the 2nd quarter. US Bancorp DE now owns 2,227 shares of the company’s stock valued at $25,000 after purchasing an additional 1,686 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Yext during the 2nd quarter valued at $27,000. Quarry LP purchased a new stake in Yext during the 2nd quarter valued at $30,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Yext during the 3rd quarter valued at $32,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Yext Trading Down 0.3 %

Shares of YEXT opened at $5.70 on Friday. The business’s fifty day simple moving average is $5.95 and its two-hundred day simple moving average is $6.03. Yext, Inc. has a 12 month low of $5.22 and a 12 month high of $14.35.

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