Cetera Investment Advisers Takes $1.41 Million Position in Yext $YEXT

Cetera Investment Advisers purchased a new position in shares of Yext (NYSE:YEXT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,269 shares of the company’s stock, valued at approximately $1,413,000. Cetera Investment Advisers owned about 0.14% of Yext at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new position in Yext in the 1st quarter valued at $180,000. Mackenzie Financial Corp boosted its holdings in shares of Yext by 191.0% in the first quarter. Mackenzie Financial Corp now owns 214,070 shares of the company’s stock valued at $1,319,000 after acquiring an additional 140,513 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Yext by 74.1% during the first quarter. XTX Topco Ltd now owns 118,787 shares of the company’s stock worth $732,000 after acquiring an additional 50,577 shares during the period. New Age Alpha Advisors LLC purchased a new position in Yext during the first quarter worth about $43,000. Finally, Deutsche Bank AG lifted its position in Yext by 61.0% in the first quarter. Deutsche Bank AG now owns 513,073 shares of the company’s stock valued at $3,161,000 after purchasing an additional 194,429 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on YEXT shares. Wall Street Zen cut Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday. 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. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Yext currently has an average rating of “Hold” and an average price target of $9.44.

Yext Stock Performance

YEXT opened at $8.47 on Tuesday. Yext has a 1-year low of $5.51 and a 1-year high of $9.20. The stock has a market cap of $1.04 billion, a P/E ratio of -70.54 and a beta of 0.91. The stock’s 50 day simple moving average is $8.46 and its 200 day simple moving average is $8.30. 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 posted 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 return on equity of 4.90% and a net margin of 1.66%.The firm had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $111.24 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

About Yext

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.