Spark Investment Management LLC bought a new position in shares of Yext Inc. (NYSE:YEXT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 114,800 shares of the company’s stock, valued at approximately $1,530,000. Spark Investment Management LLC owned 0.13% of Yext at the end of the most recent quarter.
Separately, Power Corp of Canada bought a new stake in Yext during the second quarter worth about $20,889,000. 10.71% of the stock is owned by institutional investors.
Shares of Yext Inc. (NYSE YEXT) traded up 0.23% during midday trading on Friday, hitting $13.08. 135,002 shares of the company were exchanged. Yext Inc. has a one year low of $11.63 and a one year high of $15.11. The firm’s market cap is $1.18 billion. The company’s 50 day moving average price is $13.32 and its 200 day moving average price is $13.43.
Yext (NYSE:YEXT) last announced its earnings results on Thursday, June 1st. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $37.10 million for the quarter, compared to the consensus estimate of $35.14 million. The business’s revenue was up 36.9% compared to the same quarter last year. Equities analysts expect that Yext Inc. will post ($0.51) EPS for the current year.
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YEXT has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Yext in a research note on Monday, May 8th. They set an “outperform” rating and a $18.00 price objective on the stock. Piper Jaffray Companies initiated coverage on shares of Yext in a research note on Monday, May 8th. They set an “overweight” rating and a $17.00 price objective on the stock. J P Morgan Chase & Co initiated coverage on shares of Yext in a research note on Monday, May 8th. They set a “neutral” rating and a $15.00 price objective on the stock. Pacific Crest initiated coverage on shares of Yext in a research note on Monday, May 8th. They set a “sector weight” rating on the stock. Finally, Morgan Stanley initiated coverage on shares of Yext in a research note on Monday, May 8th. They set an “equal weight” rating and a $14.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Yext presently has an average rating of “Hold” and a consensus price target of $16.25.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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