Boston Partners Trims Stock Holdings in Yext $YEXT

Boston Partners lowered its holdings in Yext (NYSE:YEXT) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,019 shares of the company’s stock after selling 6,508 shares during the period. Boston Partners owned approximately 0.34% of Yext worth $3,519,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in Yext by 19.5% in the 1st quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company’s stock worth $228,000 after buying an additional 6,039 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Yext by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock worth $2,029,000 after acquiring an additional 2,776 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Yext by 88.2% in the first quarter. Victory Capital Management Inc. now owns 129,163 shares of the company’s stock worth $796,000 after acquiring an additional 60,544 shares during the period. Allianz Asset Management GmbH bought a new position in shares of Yext in the first quarter worth $180,000. Finally, Mackenzie Financial Corp grew its position in shares of Yext by 191.0% in the first quarter. Mackenzie Financial Corp now owns 214,070 shares of the company’s stock valued at $1,319,000 after purchasing an additional 140,513 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Performance

NYSE:YEXT opened at $8.44 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of -70.29 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $8.15. Yext has a twelve month low of $5.51 and a twelve month high of $9.20.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $111.24 million. Yext had a return on equity of 4.90% and a net margin of 1.66%.The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. As a group, equities analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

YEXT has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Yext in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Monday, August 18th. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Finally, Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.44.

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.