ProShare Advisors LLC Grows Stock Position in Yext, Inc. (NYSE:YEXT)

ProShare Advisors LLC boosted its stake in shares of Yext, Inc. (NYSE:YEXT) by 51.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,971 shares of the company’s stock after buying an additional 10,164 shares during the period. ProShare Advisors LLC’s holdings in Yext were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its stake in Yext by 1.8% in the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after purchasing an additional 3,409 shares during the period. Rhumbline Advisers increased its stake in 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 during the period. Magnetar Financial LLC increased its stake in Yext by 17.3% in the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock worth $183,000 after purchasing an additional 4,245 shares during the period. Amundi increased its stake in Yext by 7.7% in the fourth quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Yext by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 59,438 shares of the company’s stock worth $378,000 after purchasing an additional 5,191 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

YEXT has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Yext in a research note on Wednesday, May 21st. Roth Mkm reissued a “buy” rating and issued a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th.

Yext Trading Down 0.1%

Shares of YEXT stock opened at $6.71 on Monday. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $6.65. The stock has a market cap of $836.01 million, a P/E ratio of -44.73 and a beta of 1.07. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company 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, research analysts predict that Yext, Inc. will post -0.12 earnings per share 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.