Magnetar Financial LLC Boosts Stock Holdings in Yext, Inc. (NYSE:YEXT)

Magnetar Financial LLC lifted its stake in Yext, Inc. (NYSE:YEXT) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,766 shares of the company’s stock after buying an additional 4,245 shares during the period. Magnetar Financial LLC’s holdings in Yext were worth $183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Yext in the 3rd quarter worth approximately $38,000. KBC Group NV purchased a new position in shares of Yext in the fourth quarter worth $47,000. Quantinno Capital Management LP bought a new stake in Yext during the 3rd quarter valued at $76,000. Inceptionr LLC purchased a new stake in Yext during the 4th quarter valued at $85,000. Finally, Entropy Technologies LP purchased a new position in shares of Yext in the fourth quarter valued at about $86,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Yext Price Performance

Shares of NYSE YEXT opened at $6.29 on Monday. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The stock has a market capitalization of $795.72 million, a P/E ratio of -41.94 and a beta of 1.34. The company’s 50-day moving average is $6.48 and its 200 day moving average is $6.84.

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). The firm had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Research analysts anticipate 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.