Acadian Asset Management LLC Increases Position in Yext $YEXT

Acadian Asset Management LLC grew its stake in Yext (NYSE:YEXT) by 18.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 730,703 shares of the company’s stock after acquiring an additional 115,850 shares during the quarter. Acadian Asset Management LLC owned 0.60% of Yext worth $6,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new position in shares of Yext in the first quarter worth $43,000. Martingale Asset Management L P increased its holdings in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after buying an additional 2,002 shares in the last quarter. Ieq Capital LLC bought a new stake in Yext in the 1st quarter worth about $90,000. 111 Capital purchased a new position in Yext in the 2nd quarter worth about $100,000. Finally, Entropy Technologies LP lifted its stake in Yext by 24.3% during the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock valued at $104,000 after acquiring an additional 3,298 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Yext Trading Up 1.1%

Shares of YEXT stock opened at $8.67 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $8.13. The firm has a market capitalization of $1.07 billion, a PE ratio of -72.20 and a beta of 0.96. Yext has a 52-week low of $5.51 and a 52-week high of $9.20.

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

Wall Street Analyst Weigh In

YEXT has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a research note on Monday, August 18th. Wall Street Zen raised Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Yext in a report on Tuesday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Yext presently has a consensus rating of “Hold” and an average target price of $9.44.

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.