Potrero Capital Research LLC Grows Holdings in Yext, Inc. (NYSE:YEXT)

by · The Cerbat Gem

Potrero Capital Research LLC lifted its holdings in shares of Yext, Inc. (NYSE:YEXT – Free Report) by 36.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,404,537 shares of the company’s stock after buying an additional 900,975 shares during the quarter. Yext accounts for about 7.4% of Potrero Capital Research LLC’s investment portfolio, making the stock its 2nd largest holding. Potrero Capital Research LLC’s holdings in Yext were worth $23,559,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position 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 valued at $306,000 after buying an additional 4,711 shares during the period. Harbor Capital Advisors Inc. boosted its position in Yext by 36.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock valued at $100,000 after buying an additional 4,946 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Yext during the 2nd quarter valued at $270,000. SG Americas Securities LLC boosted its position in Yext by 739.1% during the 2nd quarter. SG Americas Securities LLC now owns 98,239 shares of the company’s stock valued at $526,000 after buying an additional 86,531 shares during the period. Finally, Williams & Novak LLC purchased a new stake in Yext during the 2nd quarter valued at $56,000. Institutional investors own 70.98% of the company’s stock.

Yext Trading Down 0.9 %

Shares of NYSE YEXT opened at $8.38 on Wednesday. The firm has a 50 day moving average of $7.37 and a 200 day moving average of $6.06. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -167.60 and a beta of 1.20. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.58.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on YEXT shares. DA Davidson raised their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Needham & Company LLC raised shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Thursday, September 5th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $7.50 target price (down from $8.00) on shares of Yext in a research report on Thursday, September 5th.

Read Our Latest Analysis on Yext

Insider Buying and Selling

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of Yext stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the transaction, the director now owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.

Yext Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding YEXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yext, Inc. (NYSE:YEXT – Free Report).