SG Americas Securities LLC Has $118,000 Stake in Yext, Inc. (NYSE:YEXT)

SG Americas Securities LLC trimmed its stake in shares of Yext, Inc. (NYSE:YEXT) by 41.0% during the fourth quarter, HoldingsChannel reports. The fund owned 20,047 shares of the company’s stock after selling 13,923 shares during the period. SG Americas Securities LLC’s holdings in Yext were worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC bought a new position in Yext in the first quarter valued at $230,000. Bank of Montreal Can bought a new position in Yext in the first quarter valued at $75,000. MetLife Investment Management LLC grew its position in Yext by 40.5% in the first quarter. MetLife Investment Management LLC now owns 53,376 shares of the company’s stock valued at $368,000 after purchasing an additional 15,382 shares in the last quarter. Panagora Asset Management Inc. grew its position in Yext by 408.7% in the first quarter. Panagora Asset Management Inc. now owns 178,145 shares of the company’s stock valued at $1,227,000 after purchasing an additional 143,122 shares in the last quarter. Finally, BlackRock Inc. grew its position in Yext by 5.5% in the first quarter. BlackRock Inc. now owns 11,289,862 shares of the company’s stock valued at $77,787,000 after purchasing an additional 589,806 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their target price on shares of Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research report 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’s stock. Based on data from MarketBeat.com, Yext currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.20.

Yext Price Performance

Shares of YEXT opened at $5.50 on Friday. The firm has a 50-day moving average of $5.92 and a 200-day moving average of $6.01. Yext, Inc. has a one year low of $5.22 and a one year high of $14.35. The company has a market cap of $686.16 million, a PE ratio of -274.75 and a beta of 1.26.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. Yext had a negative net margin of 0.65% and a negative return on equity of 1.87%. The company had revenue of $101.11 million during the quarter, compared to the consensus estimate of $100.20 million. 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.