Boston Partners Lowers Stock Holdings in Yext $YEXT

Boston Partners decreased its holdings in Yext (NYSE:YEXT) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 414,019 shares of the company’s stock after selling 6,508 shares during the quarter. Boston Partners owned 0.34% of Yext worth $3,519,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Yext in the first quarter valued at $43,000. 111 Capital purchased a new position in Yext in the second quarter worth approximately $100,000. Creative Planning acquired a new position in Yext during the 2nd quarter worth approximately $109,000. Martingale Asset Management L P increased its position in shares of Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock valued at $88,000 after purchasing an additional 2,002 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Yext by 50.5% in the 2nd quarter. CWM LLC now owns 14,574 shares of the company’s stock valued at $124,000 after purchasing an additional 4,893 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Stock Down 0.1%

Yext stock opened at $8.42 on Friday. The stock’s 50 day moving average price is $8.46 and its 200 day moving average price is $8.28. The company has a market cap of $1.04 billion, a PE ratio of -70.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Yext has a 1-year low of $5.51 and a 1-year 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 analysts’ consensus estimates of $0.12 by ($0.09). Yext had a net margin of 1.66% and a return on equity of 4.90%. The business had revenue of $113.09 million during the quarter, compared to analyst estimates of $111.24 million. During the same period last year, the business posted $0.05 EPS. Yext’s revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

YEXT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Yext from a “strong-buy” rating to a “buy” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Yext in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a report on Monday, November 24th. Finally, Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.