Northern Trust Corp Boosts Stock Position in Yext, Inc. (NYSE:YEXT)

Northern Trust Corp increased its stake in Yext, Inc. (NYSE:YEXT) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,053,874 shares of the company’s stock after purchasing an additional 124,688 shares during the quarter. Northern Trust Corp owned about 0.83% of Yext worth $6,703,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Yext by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock worth $100,906,000 after purchasing an additional 204,329 shares during the period. Geode Capital Management LLC grew its position in Yext by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company’s stock worth $15,347,000 after buying an additional 27,452 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Yext by 160.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock worth $11,183,000 after buying an additional 1,082,153 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Yext by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company’s stock worth $9,346,000 after acquiring an additional 273,498 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Yext by 28.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company’s stock valued at $5,400,000 after acquiring an additional 186,639 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Down 2.3%

NYSE YEXT opened at $6.87 on Tuesday. The stock’s 50-day simple moving average is $6.31 and its two-hundred day simple moving average is $6.72. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75. The company has a market capitalization of $855.95 million, a price-to-earnings ratio of -45.80 and a beta of 1.07.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The firm had revenue of $113.09 million for the quarter, compared to analysts’ expectations 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.

Wall Street Analyst Weigh In

YEXT has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Thursday, April 3rd. Roth Mkm reiterated a “buy” rating and set a $9.50 target price (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th.

About Yext

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.