Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Yext, Inc. (NYSE:YEXT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Yext, Inc. (NYSE:YEXT) by 86.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,377 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new position in Yext in the third quarter valued at $32,000. Covestor Ltd increased its stake in shares of Yext by 17,238.7% in the 3rd quarter. Covestor Ltd now owns 5,375 shares of the company’s stock valued at $34,000 after purchasing an additional 5,344 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Yext in the 4th quarter worth about $56,000. Dynamic Advisor Solutions LLC purchased a new position in Yext during the fourth quarter worth approximately $59,000. Finally, Alpine Global Management LLC purchased a new position in Yext during the third quarter worth approximately $82,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley reduced 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 research analyst has rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Yext presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.20.

Yext Stock Up 2.9 %

YEXT opened at $5.60 on Tuesday. Yext, Inc. has a twelve month low of $5.22 and a twelve month high of $14.35. The company has a market cap of $699.27 million, a PE ratio of -280.00 and a beta of 1.27. The company has a 50-day moving average price of $5.78 and a 200 day moving average price of $5.95.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $101.11 million during 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%. As a group, sell-side analysts expect that Yext, Inc. will post 0.06 earnings per share for the current year.

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.