Keybank National Association OH acquires new shares in Yext, Inc. (NYSE: YEXT)


Keybank National Association OH bought a new stock position in Yext, Inc. (NYSE: YEXTGet a rating) in the first trimester, HoldingsChannel.com reports. The company purchased 11,858 shares of the company, valued at approximately $82,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its position in Yext by 40.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 8,236 shares in the company worth $82,000 after acquiring 2,374 additional shares in the last quarter. Acadian Asset Management LLC increased its position in Yext by 204.4% during the 4th quarter. Acadian Asset Management LLC now owns 5,473 shares of the company worth $54,000 after acquiring 3,675 additional shares in the last quarter. Teacher Retirement System of Texas increased its position in Yext by 25.5% in Q4. Teacher Retirement System of Texas now owns 19,771 shares of the company worth $196,000 after acquiring 4,014 additional shares in the last quarter. First Trust Advisors LP increased its position in Yext by 16.1% in Q4. First Trust Advisors LP now owns 41,760 shares of the company worth $414,000 after acquiring 5,793 additional shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Yext by 72.9% in the 4th quarter. ProShare Advisors LLC now owns 24,604 shares of the company worth $244,000 after acquiring 10,370 additional shares in the last quarter. Institutional investors and hedge funds own 61.35% of the company’s shares.

Yext Stock Performance

NYSE: YEXT opened at $4.56 on Friday. The company’s 50-day moving average is $5.05 and its 200-day moving average is $6.32. Yext, Inc. has a 52-week low of $4.26 and a 52-week high of $14.07. The company has a market capitalization of $563.57 million, a price-earnings ratio of -5.77 and a beta of 1.43.

Yes (NYSE: YEXTGet a rating) last released its quarterly earnings data on Wednesday, June 8. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company posted revenue of $98.80 million for the quarter, versus a consensus estimate of $96.71 million. Yext posted a negative net margin of 25.53% and a negative return on equity of 49.72%. The company’s revenues increased by 7.4% compared to the same quarter last year. In the same quarter of the previous year, the company posted EPS ($0.14). Equity analysts predict Yext, Inc. will post -0.69 EPS for the current year.

Wall Street analysts predict growth

Separately, DA Davidson set a target price of $6.00 on Yext shares in a Monday, June 20 research report. One analyst rated the stock with a sell rating and four rated the company’s stock with a hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Insider Activity at Yext

In related news, the Advocate General Ho Shin sold 20,000 shares of the company in a transaction dated Tuesday, July 5. The shares were sold at an average price of $4.97, for a total value of $99,400.00. Following the sale, the General Counsel now owns 47,992 shares of the company, valued at $238,520.24. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. In other Yext news, CRO Brian Distelburger sold 8,198 shares of the company in a trade dated Tuesday, June 21. The shares were sold at an average price of $5.36, for a total transaction of $43,941.28. Following the sale, the executive now directly owns 3,107,156 shares of the company, valued at $16,654,356.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, General Counsel Ho Shin sold 20,000 shares of the company in a transaction dated Tuesday, July 5. The stock was sold at an average price of $4.97, for a total transaction of $99,400.00. Following the sale, the General Counsel now directly owns 47,992 shares of the company, valued at $238,520.24. Disclosure of this sale can be found here. Insiders sold a total of 71,947 shares of the company valued at $377,836 during the last quarter. 12.40% of the shares are held by insiders of the company.

Yext Profile

(Get a rating)

Yext, Inc curates business facts to provide answers to consumer questions in North America and abroad. It operates the Yext Platform, a cloud-based platform that enables its clients to provide answers to consumer questions, control the facts about their business and the content of their landing pages, and manage their consumer reviews, as well as providing customers with updates to their information and content through its knowledge network of approximately 200 maps, apps, search engines, smart GPS systems, digital assistants, vertical directories and social networks.

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Want to see which other hedge funds hold YEXT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Yext, Inc. (NYSE: YEXTGet a rating).

Institutional ownership by quarter for Yext (NYSE: YEXT)



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