GSA Capital Partners LLP Sells 37,473 Shares of Yext, Inc. (NYSE:YEXT)

GSA Capital Partners LLP decreased its stake in shares of Yext, Inc. (NYSE:YEXT) by 22.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 129,625 shares of the company’s stock after selling 37,473 shares during the period. GSA Capital Partners LLP’s holdings in Yext were worth $782,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Yext by 20.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,108,423 shares of the company’s stock worth $6,529,000 after buying an additional 186,838 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Yext by 5.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock valued at $19,870,000 after purchasing an additional 176,063 shares during the period. Circumference Group LLC bought a new stake in Yext in the 4th quarter valued at about $2,503,000. BNP Paribas Financial Markets boosted its holdings in Yext by 56.1% in the 4th quarter. BNP Paribas Financial Markets now owns 217,266 shares of the company’s stock valued at $1,280,000 after purchasing an additional 78,040 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Yext by 937.2% in the 4th quarter. Russell Investments Group Ltd. now owns 119,626 shares of the company’s stock valued at $705,000 after purchasing an additional 108,093 shares during the period. Institutional investors own 70.98% of the company’s stock.

Yext Price Performance

YEXT stock opened at $5.14 on Friday. The company has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $5.62. The stock has a market cap of $647.73 million, a price-to-earnings ratio of -102.70 and a beta of 1.21. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $10.70.

Yext (NYSE:YEXT) last released its quarterly earnings data on Monday, June 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $95.99 million for the quarter, compared to analyst estimates of $96.35 million. Yext had a negative return on equity of 4.17% and a negative net margin of 1.51%. On average, equities research analysts anticipate that Yext, Inc. will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Yext news, General Counsel Ho Shin sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $5.04, for a total transaction of $176,400.00. Following the sale, the general counsel now directly owns 125,207 shares of the company’s stock, valued at approximately $631,043.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. DA Davidson dropped their target price on shares of Yext from $7.25 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. Needham & Company LLC restated a “hold” rating on shares of Yext in a research report on Monday, June 10th. Finally, Roth Mkm restated a “buy” rating and issued a $8.00 target price on shares of Yext in a research report on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.50.

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.