HRT Financial LP lifted its holdings in shares of Yext, Inc. (NYSE:YEXT – Get Rating) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 119,438 shares of the company’s stock after acquiring an additional 8,709 shares during the period. HRT Financial LP owned approximately 0.10% of Yext worth $779,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Yext during the third quarter valued at approximately $28,000. Metropolitan Life Insurance Co NY boosted its stake in Yext by 39.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,956 shares of the company’s stock valued at $31,000 after buying an additional 1,950 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Yext by 55.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,429 shares of the company’s stock valued at $42,000 after acquiring an additional 3,355 shares during the period. Bank of Montreal Can acquired a new position in Yext during the first quarter worth $75,000. Finally, UBS Group AG lifted its holdings in shares of Yext by 1,139.5% during the third quarter. UBS Group AG now owns 11,738 shares of the company’s stock valued at $53,000 after acquiring an additional 10,791 shares during the period. 65.85% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Roth Capital reiterated a “neutral” rating on shares of Yext in a research note on Wednesday, March 8th. DA Davidson lifted their price target on Yext from $6.50 to $10.00 in a report on Thursday, March 9th.
Yext Stock Performance
Yext (NYSE:YEXT – Get Rating) last released its earnings results on Tuesday, March 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $101.90 million during the quarter, compared to the consensus estimate of $100.15 million. Yext had a negative return on equity of 46.29% and a negative net margin of 16.45%. As a group, equities analysts predict that Yext, Inc. will post -0.3 EPS for the current year.
Yext Profile
Yext, Inc is an emerging growth company engaged in software development. It offers a cloud-based digital knowledge platform, which allows businesses to manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.
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