Nuveen Asset Management LLC Has $2.26 Million Holdings in Yext, Inc. (NYSE:YEXT)

Nuveen Asset Management LLC decreased its position in shares of Yext, Inc. (NYSE:YEXT) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 354,847 shares of the company’s stock after selling 14,897 shares during the quarter. Nuveen Asset Management LLC owned about 0.28% of Yext worth $2,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YEXT. Summit Trail Advisors LLC raised its stake in Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after buying an additional 3,409 shares during the last quarter. Rhumbline Advisers grew its stake in Yext by 2.6% during 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 holdings 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 in the last quarter. Amundi lifted its stake in Yext by 7.7% in the fourth quarter. Amundi now owns 59,877 shares of the company’s stock valued at $391,000 after buying an additional 4,284 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Yext by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company’s stock worth $378,000 after buying an additional 5,191 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

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

Yext Trading Down 0.5%

YEXT opened at $6.68 on Tuesday. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market cap of $831.65 million, a price-to-earnings ratio of -44.50 and a beta of 1.07. The company’s fifty day moving average price is $6.38 and its two-hundred day moving average price is $6.64.

Yext (NYSE:YEXT) last posted 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 company had revenue of $113.09 million during the quarter, compared to the consensus estimate 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 analysts forecast 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.