Haven Private LLC Invests $383,000 in Yext, Inc. (NYSE:YEXT)

Haven Private LLC purchased a new stake in shares of Yext, Inc. (NYSE:YEXT) during the 4th quarter, HoldingsChannel reports. The firm purchased 60,183 shares of the company’s stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YEXT. US Bancorp DE grew its position in shares of Yext by 331.4% in the third quarter. US Bancorp DE now owns 23,294 shares of the company’s stock valued at $161,000 after purchasing an additional 17,894 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of 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 purchasing an additional 3,384 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Yext in the third quarter valued at about $317,000. Aigen Investment Management LP acquired a new stake in shares of Yext in the third quarter valued at about $158,000. Finally, Victory Capital Management Inc. grew its position in shares of Yext by 38.3% in the third quarter. Victory Capital Management Inc. now owns 69,120 shares of the company’s stock valued at $478,000 after purchasing an additional 19,152 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Yext stock opened at $6.32 on Friday. The company’s 50 day simple moving average is $6.52 and its 200-day simple moving average is $6.73. The company has a market capitalization of $805.93 million, a price-to-earnings ratio of -42.10 and a beta of 1.34. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. Equities analysts expect that Yext, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on YEXT shares. Roth Mkm reiterated a “buy” rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Thursday. Finally, DA Davidson lifted their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

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.