Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Yext, Inc. (NYSE:YEXT)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Yext, Inc. (NYSE:YEXT) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 848,984 shares of the company’s stock after buying an additional 186,639 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Yext were worth $5,400,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Yext in the 3rd quarter worth approximately $38,000. KBC Group NV purchased a new position in Yext in the 4th quarter worth approximately $47,000. Quantinno Capital Management LP purchased a new position in Yext in the 3rd quarter worth approximately $76,000. Inceptionr LLC purchased a new position in Yext in the 4th quarter worth approximately $85,000. Finally, Entropy Technologies LP purchased a new position in Yext in the 4th quarter worth approximately $86,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on YEXT shares. DA Davidson lifted their price objective on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Yext in a research report on Thursday, March 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th.

Yext Trading Up 1.0 %

Yext stock opened at $6.08 on Monday. The business’s fifty day simple moving average is $6.49 and its two-hundred day simple moving average is $6.79. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The company has a market capitalization of $776.32 million, a price-to-earnings ratio of -40.55 and a beta of 1.34.

Yext (NYSE:YEXT) last posted its quarterly earnings results 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 business had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $112.77 million. On average, equities research analysts predict that Yext, Inc. will post -0.12 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.