Prudential Financial Inc. Has $353,000 Stock Position in Yext, Inc. (NYSE:YEXT)

Prudential Financial Inc. lowered its stake in Yext, Inc. (NYSE:YEXT) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,540 shares of the company’s stock after selling 25,100 shares during the quarter. Prudential Financial Inc.’s holdings in Yext were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in YEXT. JPMorgan Chase & Co. boosted its position in Yext by 224.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after buying an additional 356,324 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Yext during the 4th quarter valued at $2,219,000. Hussman Strategic Advisors Inc. bought a new position in shares of Yext during the 4th quarter worth about $1,336,000. Vanguard Group Inc. raised its position in shares of Yext by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock worth $100,906,000 after purchasing an additional 204,329 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Yext by 28.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company’s stock worth $5,400,000 after acquiring an additional 186,639 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

YEXT has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a research report on Thursday, April 3rd.

Yext Stock Down 0.7 %

Yext stock opened at $5.93 on Friday. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75. The firm has a 50 day moving average price of $6.35 and a 200-day moving average price of $6.80. The company has a market capitalization of $750.06 million, a P/E ratio of -39.53 and a beta of 1.20.

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

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.