Envestnet Asset Management Inc. Lowers Holdings in Yext, Inc. (NYSE:YEXT)

Envestnet Asset Management Inc. lowered its holdings in Yext, Inc. (NYSE:YEXT) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,049 shares of the company’s stock after selling 3,540 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Yext were worth $172,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Yext Trading Up 1.2 %

Shares of NYSE YEXT opened at $6.56 on Friday. The stock has a market cap of $816.70 million, a P/E ratio of -43.70 and a beta of 1.07. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75. The business’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.74.

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

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.