Los Angeles Capital Management LLC Sells 17,400 Shares of Yext, Inc. (NYSE:YEXT)

Los Angeles Capital Management LLC lessened its stake in Yext, Inc. (NYSE:YEXT) by 7.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 213,313 shares of the company’s stock after selling 17,400 shares during the period. Los Angeles Capital Management LLC’s holdings in Yext were worth $1,476,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in Yext by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock worth $733,000 after purchasing an additional 1,861 shares during the last quarter. Mackenzie Financial Corp raised its stake in Yext by 10.3% during the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after buying an additional 2,493 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after buying an additional 3,384 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after acquiring an additional 3,385 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Yext by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after acquiring an additional 4,711 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

YEXT has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Roth Mkm restated a “buy” rating and set a $7.50 price target (down from $8.00) on shares of Yext in a report on Thursday, September 5th. Finally, Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Thursday, September 5th.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh bought 32,600 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the transaction, the director now directly owns 153,350 shares in the company, valued at approximately $1,019,777.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 8.40% of the company’s stock.

Yext Price Performance

Shares of Yext stock opened at $8.00 on Thursday. The business has a 50-day simple moving average of $6.88 and a 200 day simple moving average of $5.80. Yext, Inc. has a one year low of $4.29 and a one year high of $8.14. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -159.90 and a beta of 1.17.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The firm had revenue of $97.90 million during the quarter, compared to the consensus estimate of $98.15 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that Yext, Inc. will post 0.08 EPS for the current year.

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.