AXQ Capital LP Buys Shares of 29,203 Yext $YEXT

AXQ Capital LP bought a new position in Yext (NYSE:YEXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,203 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also modified their holdings of YEXT. Martingale Asset Management L P lifted its stake 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 acquiring an additional 2,002 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Yext by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock valued at $2,029,000 after purchasing an additional 2,776 shares during the period. Entropy Technologies LP increased its holdings in shares of Yext by 24.3% in the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock valued at $104,000 after purchasing an additional 3,298 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Yext by 19.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock worth $216,000 after purchasing an additional 4,060 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Yext by 1.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after purchasing an additional 4,802 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Up 0.5%

Shares of YEXT stock opened at $8.48 on Tuesday. The stock’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $8.24. Yext has a twelve month low of $5.51 and a twelve month high of $9.20. 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 company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -70.69 and a beta of 0.96.

Yext (NYSE:YEXT) last announced its quarterly 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 net margin of 1.66% and a return on equity of 4.90%. The company had revenue of $113.09 million for the quarter, compared to analyst estimates of $111.24 million. During the same quarter last year, the business earned $0.05 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts predict that Yext will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on YEXT shares. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Yext in a report on Tuesday, November 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.