JPMorgan Chase & Co. Buys 201,472 Shares of Yext, Inc. (NYSE:YEXT)

JPMorgan Chase & Co. raised its stake in Yext, Inc. (NYSE:YEXT) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 716,693 shares of the company’s stock after acquiring an additional 201,472 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.56% of Yext worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of YEXT. Summit Trail Advisors LLC raised its stake in Yext by 1.8% in the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock valued at $1,196,000 after acquiring an additional 3,409 shares during the period. Rhumbline Advisers increased its stake in shares of Yext by 2.6% in the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock worth $945,000 after purchasing an additional 3,813 shares in the last quarter. Magnetar Financial LLC raised its position in shares of Yext by 17.3% in the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock valued at $183,000 after purchasing an additional 4,245 shares during the period. Amundi lifted its stake in shares of Yext by 7.7% during the 4th quarter. Amundi now owns 59,877 shares of the company’s stock valued at $391,000 after buying an additional 4,284 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Yext by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company’s stock worth $378,000 after buying an additional 5,191 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Yext Trading Up 0.6 %

YEXT stock opened at $6.12 on Friday. The firm has a 50 day moving average of $6.28 and a 200-day moving average of $6.77. The firm has a market capitalization of $773.46 million, a P/E ratio of -40.77 and a beta of 1.20. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

Yext (NYSE:YEXT) last posted its 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 firm had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Sell-side analysts predict that Yext, Inc. will post -0.12 EPS 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.