Swiss National Bank Grows Stock Holdings in Yext, Inc. (NYSE:YEXT)

Swiss National Bank lifted its position in Yext, Inc. (NYSE:YEXT) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 213,900 shares of the company’s stock after buying an additional 5,400 shares during the period. Swiss National Bank owned about 0.17% of Yext worth $1,360,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Potrero Capital Research LLC boosted 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 buying an additional 900,975 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after buying an additional 38,305 shares in the last quarter. 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 buying an additional 1,200,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Yext by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock worth $8,254,000 after buying an additional 47,983 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Yext by 21.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,171,051 shares of the company’s stock worth $8,104,000 after buying an additional 203,179 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

Shares of NYSE:YEXT opened at $6.19 on Friday. The firm has a market cap of $782.31 million, a PE ratio of -41.23 and a beta of 1.34. The firm’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.84. Yext, Inc. has a one year low of $4.29 and a one year high of $8.75.

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

Analyst Ratings Changes

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