Alberta Investment Management Corp Takes Position in Yext $YEXT

Alberta Investment Management Corp acquired a new stake in Yext (NYSE:YEXT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $852,000. Alberta Investment Management Corp owned approximately 0.08% of Yext as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YEXT. Haven Private LLC raised its position in shares of Yext by 2.7% during the third quarter. Haven Private LLC now owns 57,362 shares of the company’s stock valued at $489,000 after buying an additional 1,507 shares during the last quarter. Strs Ohio raised its position in Yext by 2.7% during the third quarter. Strs Ohio now owns 77,200 shares of the company’s stock valued at $658,000 after purchasing an additional 2,000 shares during the period. Entropy Technologies LP lifted its stake in shares of Yext by 24.0% in the 2nd quarter. Entropy Technologies LP now owns 20,949 shares of the company’s stock valued at $178,000 after purchasing an additional 4,051 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Yext by 19.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock valued at $216,000 after purchasing an additional 4,060 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Yext by 5.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 83,717 shares of the company’s stock worth $713,000 after purchasing an additional 4,173 shares during the period. Institutional investors own 70.98% of the company’s stock.

Yext Trading Up 0.7%

YEXT stock opened at $5.57 on Friday. Yext has a 52-week low of $4.66 and a 52-week high of $9.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a market cap of $684.84 million, a P/E ratio of -556.54 and a beta of 0.98. The company’s 50-day simple moving average is $7.21 and its 200-day simple moving average is $8.07.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. As a group, equities analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on YEXT. Weiss Ratings raised Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 13th. DA Davidson decreased their price objective on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.88.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.