Raymond James Financial Inc. Invests $2.22 Million in Yext, Inc. (NYSE:YEXT)

Raymond James Financial Inc. bought a new stake in Yext, Inc. (NYSE:YEXT) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 348,944 shares of the company’s stock, valued at approximately $2,219,000. Raymond James Financial Inc. owned about 0.27% of Yext at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of YEXT. Wilmington Savings Fund Society FSB acquired a new position in Yext in the third quarter valued at about $38,000. KBC Group NV acquired a new position in shares of Yext in the 4th quarter worth approximately $47,000. Quantinno Capital Management LP bought a new stake in Yext during the 3rd quarter worth approximately $76,000. Entropy Technologies LP bought a new stake in Yext during the 4th quarter worth approximately $86,000. Finally, Intech Investment Management LLC acquired a new stake in Yext during the 3rd quarter valued at $145,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

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

Yext Trading Down 2.4 %

YEXT opened at $6.19 on Monday. The stock’s fifty day simple moving average is $6.47 and its 200 day simple moving average is $6.85. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The stock has a market cap of $782.31 million, a PE ratio of -41.23 and a beta of 1.34.

Yext (NYSE:YEXT) last announced 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). The firm had revenue of $113.09 million for 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 forecast that Yext, Inc. will post -0.12 earnings per share for the current year.

About Yext

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.