Cwm LLC Has $124,000 Position in Yext $YEXT

Cwm LLC increased its position in shares of Yext (NYSE:YEXT) by 50.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,574 shares of the company’s stock after purchasing an additional 4,893 shares during the period. Cwm LLC’s holdings in Yext were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lynrock Lake LP raised its holdings in Yext by 9.5% in the 1st quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock valued at $71,951,000 after acquiring an additional 1,009,285 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Yext by 13.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock valued at $32,181,000 after acquiring an additional 614,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Yext by 21.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company’s stock valued at $6,370,000 after acquiring an additional 185,116 shares in the last quarter. Millennium Management LLC acquired a new position in Yext in the 1st quarter valued at $3,964,000. Finally, Deutsche Bank AG raised its holdings in Yext by 61.0% in the 1st quarter. Deutsche Bank AG now owns 513,073 shares of the company’s stock valued at $3,161,000 after acquiring an additional 194,429 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Price Performance

Yext stock opened at $8.48 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The stock has a market capitalization of $1.04 billion, a P/E ratio of -70.65 and a beta of 0.92. The stock has a fifty day moving average of $8.65 and a 200-day moving average of $7.98.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). Yext had a return on equity of 4.90% and a net margin of 1.66%.The business had revenue of $113.09 million for the quarter, compared to analyst estimates of $111.24 million. During the same period last year, the firm posted $0.05 EPS. Yext’s quarterly revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that Yext will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on YEXT. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Yext in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.44.

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.