Los Angeles Capital Management LLC Sells 17,400 Shares of Yext, Inc. (NYSE:YEXT)

Los Angeles Capital Management LLC decreased its position in Yext, Inc. (NYSE:YEXT) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,313 shares of the company’s stock after selling 17,400 shares during the quarter. Los Angeles Capital Management LLC owned about 0.17% of Yext worth $1,476,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Williams & Novak LLC bought a new stake in Yext in the 2nd quarter valued at $56,000. Canada Pension Plan Investment Board bought a new stake in shares of Yext in the second quarter valued at about $62,000. Dynamic Advisor Solutions LLC boosted its position in shares of Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after acquiring an additional 3,385 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Yext by 36.2% in the second quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock valued at $100,000 after acquiring an additional 4,946 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Yext during the second quarter worth about $125,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Yext

In related news, Director Seth H. Waugh acquired 32,600 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the transaction, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.40% of the company’s stock.

Yext Price Performance

YEXT stock opened at $8.00 on Thursday. The company’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $5.80. The firm has a market cap of $1.02 billion, a P/E ratio of -159.90 and a beta of 1.17. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.14.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The company had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. During the same quarter last year, the company posted ($0.03) EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts predict that Yext, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on YEXT shares. Needham & Company LLC raised shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, September 5th. DA Davidson boosted their price target on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Roth Mkm restated a “buy” rating and set a $7.50 price objective (down previously from $8.00) on shares of Yext in a research note on Thursday, September 5th.

About Yext

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.