Virtu Financial LLC Invests $67,000 in Yext, Inc. (NYSE:YEXT)

Virtu Financial LLC purchased a new stake in shares of Yext, Inc. (NYSE:YEXT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,540 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in YEXT. Summit Trail Advisors LLC increased its holdings in shares of Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after buying an additional 3,409 shares in the last quarter. Rhumbline Advisers raised its position in Yext by 2.6% in the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock valued at $945,000 after purchasing an additional 3,813 shares during the last quarter. Magnetar Financial LLC boosted its stake in shares of Yext by 17.3% during the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock valued at $183,000 after purchasing an additional 4,245 shares in the last quarter. Amundi grew its holdings in shares of Yext by 7.7% during the fourth quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Yext by 9.6% in the fourth 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 during the period. Institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

NYSE:YEXT opened at $6.17 on Tuesday. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The company has a 50 day simple moving average of $6.46 and a two-hundred day simple moving average of $6.84. The company has a market capitalization of $780.03 million, a PE ratio of -41.11 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%. Research analysts predict that Yext, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm reiterated a “buy” rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Yext in a report on Thursday, March 6th.

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.