Raymond James Financial Inc. Buys New Position in Yext, Inc. (NYSE:YEXT)

Raymond James Financial Inc. bought a new position in shares of Yext, Inc. (NYSE:YEXT) in the 4th quarter, Holdings Channel reports. The fund bought 348,944 shares of the company’s stock, valued at approximately $2,219,000.

A number of other hedge funds have also added to or reduced their stakes in YEXT. Summit Trail Advisors LLC raised its stake in shares of Yext by 1.8% in the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after purchasing an additional 3,409 shares during the last quarter. Rhumbline Advisers grew its holdings in Yext by 2.6% during the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock worth $945,000 after buying an additional 3,813 shares in the last quarter. Principal Financial Group Inc. raised its position in Yext by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company’s stock valued at $378,000 after buying an additional 5,191 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Yext in the 3rd quarter valued at $38,000. Finally, KBC Group NV bought a new position in Yext during the 4th quarter valued at $47,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

YEXT has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Yext in a research report on Thursday, March 6th. Finally, DA Davidson boosted their price objective on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

Yext Trading Down 2.4 %

Shares of NYSE YEXT opened at $6.19 on Monday. The business has a 50-day moving average of $6.47 and a 200-day moving average of $6.85. The firm has a market capitalization of $782.31 million, a price-to-earnings ratio of -41.23 and a beta of 1.34. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

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

Yext 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.