AlphaQuest LLC Takes Position in Yext, Inc. (NYSE:YEXT)

AlphaQuest LLC bought a new position in Yext, Inc. (NYSE:YEXT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 53,949 shares of the company’s stock, valued at approximately $343,000.

Several other large investors have also recently modified their holdings of YEXT. Wilmington Savings Fund Society FSB purchased a new position in Yext during the third quarter worth $38,000. KBC Group NV purchased a new position in shares of Yext during the 4th quarter worth about $47,000. Quantinno Capital Management LP purchased a new position in shares of Yext during the 3rd quarter worth about $76,000. Inceptionr LLC bought a new position in Yext during the 4th quarter valued at about $85,000. Finally, Entropy Technologies LP purchased a new stake in Yext in the 4th quarter worth about $86,000. Institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

Yext stock opened at $6.08 on Friday. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The company has a market capitalization of $776.32 million, a PE ratio of -40.55 and a beta of 1.34. The company has a 50 day moving average price of $6.50 and a 200-day moving average price of $6.77.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The firm had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $112.77 million. On average, analysts forecast that Yext, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on YEXT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a research note on Thursday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Finally, DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

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.