Hudson Bay Capital Management LP Takes Position in Yext $YEXT

Hudson Bay Capital Management LP purchased a new stake in Yext (NYSE:YEXT) in the third quarter, Holdings Channel reports. The firm purchased 1,305,279 shares of the company’s stock, valued at approximately $11,121,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of YEXT. Haven Private LLC raised its position in Yext by 2.7% during the 3rd quarter. Haven Private LLC now owns 57,362 shares of the company’s stock valued at $489,000 after purchasing an additional 1,507 shares in the last quarter. Strs Ohio grew its position in shares of Yext by 2.7% during the 3rd quarter. Strs Ohio now owns 77,200 shares of the company’s stock worth $658,000 after buying an additional 2,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after buying an additional 2,016 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Yext by 15.3% during the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock valued at $211,000 after buying an additional 3,292 shares during the period. Finally, Creative Planning raised its holdings in shares of Yext by 29.5% in the third quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after acquiring an additional 3,789 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Price Performance

NYSE YEXT opened at $4.82 on Friday. The firm’s fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $7.66. The firm has a market capitalization of $593.93 million, a P/E ratio of 80.26 and a beta of 1.01. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Yext has a 12-month low of $4.66 and a 12-month high of $9.20.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $112.00 million during the quarter, compared to analyst estimates of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. Analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on YEXT. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. B. Riley Financial dropped their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, DA Davidson reissued a “neutral” rating and set a $6.00 price objective on shares of Yext in a report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.