State of Wyoming Lowers Holdings in Yext, Inc. (NYSE:YEXT)

State of Wyoming trimmed its holdings in Yext, Inc. (NYSE:YEXT) by 62.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,500 shares of the company’s stock after selling 61,472 shares during the period. State of Wyoming’s holdings in Yext were worth $232,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. KBC Group NV purchased a new stake in shares of Yext in the fourth quarter worth about $47,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Yext in the fourth quarter worth about $64,000. EntryPoint Capital LLC purchased a new stake in shares of Yext in the fourth quarter worth about $67,000. Virtu Financial LLC purchased a new stake in shares of Yext in the fourth quarter worth about $67,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Yext in the fourth quarter worth about $78,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Price Performance

Shares of NYSE YEXT opened at $6.59 on Friday. The business’s 50 day moving average is $6.35 and its two-hundred day moving average is $6.71. 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 $820.44 million, a P/E ratio of -43.90 and a beta of 1.07.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share 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 company had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. As a group, equities research analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on YEXT shares. Roth Mkm reiterated a “buy” rating and issued a $9.50 target price (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Wednesday.

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.