Yext $YEXT Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Yext (NYSE:YEXT) by 38.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,489,397 shares of the company’s stock after selling 938,537 shares during the period. Federated Hermes Inc. owned about 1.22% of Yext worth $12,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in YEXT. Martingale Asset Management L P lifted its position in Yext by 16.4% during the first 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 period. Ieq Capital LLC acquired a new stake in Yext during the 1st quarter worth about $90,000. 111 Capital purchased a new position in shares of Yext during the 2nd quarter valued at about $100,000. Entropy Technologies LP lifted 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 buying an additional 3,298 shares during the period. Finally, Creative Planning acquired a new position in shares of Yext in the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Trading Down 0.4%

Shares of YEXT stock opened at $8.39 on Thursday. Yext has a 1-year low of $5.51 and a 1-year high of $9.20. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -837.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.38.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $112.00 million during the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. On average, equities research analysts expect that Yext will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a report on Monday, August 18th. Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Yext in a research note on Monday. Finally, Wall Street Zen raised shares of Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Yext presently has an average rating of “Hold” and an average target price 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.