Yext, Inc. (NYSE:YEXT) Stake Increased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. grew its holdings in Yext, Inc. (NYSE:YEXT) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,537 shares of the company’s stock after purchasing an additional 24,045 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Yext were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in shares of Yext by 31.6% in the fourth quarter. Vontobel Holding Ltd. now owns 155,574 shares of the company’s stock valued at $916,000 after purchasing an additional 37,373 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Yext by 562.6% in the fourth quarter. International Assets Investment Management LLC now owns 26,499 shares of the company’s stock worth $156,000 after acquiring an additional 22,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Yext by 13.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,262,185 shares of the company’s stock worth $7,434,000 after acquiring an additional 146,434 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Yext in the fourth quarter worth $56,000. Finally, Oak Thistle LLC acquired a new position in shares of Yext in the fourth quarter worth $105,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

YEXT stock opened at $5.56 on Tuesday. Yext, Inc. has a 52-week low of $5.22 and a 52-week high of $14.35. The company has a 50-day moving average of $5.95 and a two-hundred day moving average of $6.02.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. Yext had a negative net margin of 0.65% and a negative return on equity of 1.87%. The business had revenue of $101.11 million during the quarter, compared to analysts’ expectations of $100.20 million. Equities analysts anticipate that Yext, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lowered their target price on shares of Yext from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.20.

Yext 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.