US Bancorp DE Sells 8,200 Shares of Yext, Inc. (NYSE:YEXT)

US Bancorp DE decreased its holdings in shares of Yext, Inc. (NYSE:YEXT) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,094 shares of the company’s stock after selling 8,200 shares during the quarter. US Bancorp DE’s holdings in Yext were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of YEXT. Tenzing Global Management LLC raised its holdings in Yext by 133.3% during the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $14,532,000 after acquiring an additional 1,200,000 shares during the period. Potrero Capital Research LLC increased its holdings in shares of Yext by 36.0% in the third quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after purchasing an additional 900,975 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Yext by 224.2% in the third quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after purchasing an additional 356,324 shares during the period. Zacks Investment Management increased its holdings in shares of Yext by 370.2% in the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock worth $2,619,000 after purchasing an additional 297,938 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Yext in the fourth quarter worth $1,336,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

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

Yext Stock Up 1.0 %

YEXT opened at $6.08 on Monday. The stock has a market cap of $776.32 million, a PE ratio of -40.55 and a beta of 1.34. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The business’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $6.79.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) 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 the consensus estimate of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. As a group, equities analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current 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.