Raymond James & Associates Has $629,000 Holdings in Yext, Inc. (NYSE:YEXT)

Raymond James & Associates increased its holdings in shares of Yext, Inc. (NYSE:YEXT) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 106,827 shares of the company’s stock after purchasing an additional 10,592 shares during the period. Raymond James & Associates’ holdings in Yext were worth $629,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Yext by 48.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,197,513 shares of the company’s stock valued at $20,240,000 after acquiring an additional 1,048,244 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of Yext by 246.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 629,303 shares of the company’s stock valued at $3,983,000 after purchasing an additional 447,683 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Yext by 43.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 882,637 shares of the company’s stock valued at $5,587,000 after purchasing an additional 267,031 shares during the period. Vanguard Group Inc. grew its stake in shares of Yext by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,327,897 shares of the company’s stock valued at $97,026,000 after purchasing an additional 211,986 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Yext by 9.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,548,159 shares of the company’s stock valued at $9,800,000 after purchasing an additional 132,449 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

NYSE:YEXT opened at $5.50 on Thursday. The stock’s fifty day moving average price is $5.89 and its two-hundred day moving average price is $5.99. Yext, Inc. has a 52-week low of $5.22 and a 52-week high of $14.35. The company has a market cap of $686.77 million, a price-to-earnings ratio of -275.00 and a beta of 1.26.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) 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 firm had revenue of $101.11 million for the quarter, compared to the consensus estimate of $100.20 million. On average, equities analysts predict that Yext, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price objective 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 equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.20.

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.