Charles Schwab Investment Management Inc. Trims Stake in Yext, Inc. (NYSE:YEXT)

Charles Schwab Investment Management Inc. cut its holdings in Yext, Inc. (NYSE:YEXT) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,043,508 shares of the company’s stock after selling 149,311 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Yext worth $6,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versor Investments LP bought a new stake in Yext during the 4th quarter worth approximately $672,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Yext during the 4th quarter valued at $738,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Yext during the 4th quarter valued at $1,336,000. Principal Financial Group Inc. lifted its stake in shares of Yext by 9.6% during 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 in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock worth $945,000 after buying an additional 3,813 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Trading Up 1.7 %

Shares of Yext stock opened at $6.40 on Tuesday. The firm has a market cap of $808.87 million, a PE ratio of -42.63 and a beta of 1.34. The stock has a 50 day moving average of $6.47 and a 200 day moving average of $6.85. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on YEXT. Roth Mkm restated a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Thursday, March 6th. Finally, DA Davidson increased their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a 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.