Alliancebernstein L.P. Boosts Stock Holdings in Yext, Inc. (NYSE:YEXT)

Alliancebernstein L.P. raised its position in Yext, Inc. (NYSE:YEXT) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,767 shares of the company’s stock after purchasing an additional 84,660 shares during the quarter. Alliancebernstein L.P. owned 0.33% of Yext worth $2,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in YEXT. Wilmington Savings Fund Society FSB purchased a new position in Yext in the third quarter valued at about $38,000. KBC Group NV acquired a new stake in shares of Yext in the fourth quarter valued at about $47,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Yext during the 4th quarter valued at about $64,000. EntryPoint Capital LLC acquired a new position in Yext during the 4th quarter worth approximately $67,000. Finally, Virtu Financial LLC acquired a new position in Yext during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Up 3.3 %

Shares of YEXT opened at $6.11 on Wednesday. The firm has a market cap of $772.19 million, a price-to-earnings ratio of -40.70 and a beta of 1.20. The business’s 50 day moving average is $6.31 and its two-hundred day moving average is $6.79. Yext, Inc. has a 52-week low of $4.29 and a 52-week high of $8.75.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to analyst estimates of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. On average, equities analysts expect that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on YEXT shares. Roth Mkm reiterated a “buy” rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Yext in a research note on Thursday, April 3rd.

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.