Geode Capital Management LLC Purchases 27,452 Shares of Yext, Inc. (NYSE:YEXT)

Geode Capital Management LLC boosted its holdings in shares of Yext, Inc. (NYSE:YEXT) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,412,319 shares of the company’s stock after purchasing an additional 27,452 shares during the period. Geode Capital Management LLC owned about 1.89% of Yext worth $15,347,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of YEXT. Wilmington Savings Fund Society FSB acquired a new position in shares of Yext during the 3rd quarter worth $38,000. KBC Group NV acquired a new position in Yext during the fourth quarter worth about $47,000. O Shaughnessy Asset Management LLC bought a new position in shares of Yext in the fourth quarter worth about $64,000. EntryPoint Capital LLC acquired a new stake in shares of Yext in the 4th quarter valued at approximately $67,000. Finally, Virtu Financial LLC bought a new stake in shares of Yext during the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Yext Price Performance

Shares of NYSE YEXT opened at $6.12 on Monday. The company has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.78. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The firm has a market cap of $773.46 million, a PE ratio of -40.77 and a beta of 1.20.

Yext (NYSE:YEXT) last released 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). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The business had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. As a group, research analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current fiscal 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.