Yext, Inc. (NYSE:YEXT) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in shares of Yext, Inc. (NYSE:YEXT) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,532 shares of the company’s stock after selling 7,566 shares during the quarter. Gotham Asset Management LLC’s holdings in Yext were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. KBC Group NV acquired a new stake in shares of Yext during the fourth quarter valued at $47,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Yext in the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC purchased a new position in shares of Yext during the fourth quarter valued at approximately $67,000. Virtu Financial LLC acquired a new stake in Yext during the fourth quarter worth approximately $67,000. Finally, Martingale Asset Management L P purchased a new stake in Yext in the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on YEXT shares. Roth Mkm restated 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. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Thursday, April 3rd.

Yext Stock Down 0.4%

Shares of YEXT opened at $6.85 on Wednesday. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The company’s fifty day moving average is $6.32 and its two-hundred day moving average is $6.72. The firm has a market cap of $853.46 million, a PE ratio of -45.67 and a beta of 1.07.

Yext (NYSE:YEXT) last issued its earnings results 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 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%. As a group, equities research analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current year.

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.