Geode Capital Management LLC Sells 25,337 Shares of Yext $YEXT

Geode Capital Management LLC cut its holdings in shares of Yext (NYSE:YEXT) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,429,922 shares of the company’s stock after selling 25,337 shares during the period. Geode Capital Management LLC owned about 1.99% of Yext worth $20,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YEXT. Lynrock Lake LP boosted its stake in Yext by 9.5% in the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock worth $71,951,000 after purchasing an additional 1,009,285 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Yext by 13.3% in the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock valued at $32,181,000 after buying an additional 614,960 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Yext by 57.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after buying an additional 595,819 shares during the last quarter. Acadian Asset Management LLC lifted its position in Yext by 18.8% during the 2nd quarter. Acadian Asset Management LLC now owns 730,703 shares of the company’s stock worth $6,205,000 after buying an additional 115,850 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Yext by 34.8% during the 2nd quarter. King Luther Capital Management Corp now owns 671,291 shares of the company’s stock worth $5,706,000 after acquiring an additional 173,374 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on YEXT. Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research report on Monday, November 24th. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Monday, August 18th. Finally, Wall Street Zen lowered Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Yext has an average rating of “Hold” and a consensus target price of $9.44.

Yext Trading Down 0.1%

YEXT opened at $8.42 on Friday. The firm has a 50 day simple moving average of $8.46 and a 200 day simple moving average of $8.28. Yext has a fifty-two week low of $5.51 and a fifty-two week high of $9.20. The company has a market cap of $1.04 billion, a price-to-earnings 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 (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). The business had revenue of $113.09 million for the quarter, compared to analyst estimates of $111.24 million. Yext had a return on equity of 4.90% and a net margin of 1.66%.Yext’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, sell-side analysts anticipate that Yext will post -0.12 earnings per share for the current 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.