Federated Hermes Inc. Sells 113,445 Shares of Yext, Inc. (NYSE:YEXT)

Federated Hermes Inc. cut its position in shares of Yext, Inc. (NYSE:YEXT) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,434,714 shares of the company’s stock after selling 113,445 shares during the quarter. Federated Hermes Inc.’s holdings in Yext were worth $8,450,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Yext during the 3rd quarter valued at about $32,000. Covestor Ltd boosted its holdings in Yext by 17,238.7% during the 3rd quarter. Covestor Ltd now owns 5,375 shares of the company’s stock valued at $34,000 after acquiring an additional 5,344 shares during the period. New York State Teachers Retirement System purchased a new stake in Yext during the 4th quarter valued at about $56,000. Dynamic Advisor Solutions LLC purchased a new stake in Yext during the 4th quarter valued at about $59,000. Finally, Alpine Global Management LLC purchased a new stake in Yext during the 3rd quarter valued at about $82,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Yext Trading Down 0.7 %

NYSE YEXT opened at $5.50 on Thursday. Yext, Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $14.35. The stock has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $5.99.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. The business had revenue of $101.11 million during the quarter, compared to analysts’ expectations of $100.20 million. On average, sell-side analysts expect that Yext, Inc. will post 0.06 earnings per share for the current year.

About Yext

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.