Nano Cap New Millennium Growth Fund L P Acquires Shares of 225,000 Yext $YEXT

Nano Cap New Millennium Growth Fund L P bought a new position in Yext (NYSE:YEXT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 225,000 shares of the company’s stock, valued at approximately $1,814,000. Yext comprises 1.5% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 13th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Haven Private LLC grew its stake in shares of Yext by 2.7% during the 3rd quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after acquiring an additional 1,507 shares during the period. Strs Ohio lifted its holdings in Yext by 2.7% during the third quarter. Strs Ohio now owns 77,200 shares of the company’s stock valued at $658,000 after purchasing an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after purchasing an additional 2,016 shares during the period. Neuberger Berman Group LLC boosted its position in Yext by 15.3% during the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock worth $211,000 after purchasing an additional 3,292 shares during the period. Finally, Creative Planning increased its stake in shares of Yext by 29.5% in the third quarter. Creative Planning now owns 16,651 shares of the company’s stock worth $142,000 after purchasing an additional 3,789 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and dropped their price target for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. B. Riley Financial lowered their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. DA Davidson reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Yext presently has an average rating of “Hold” and an average target price of $7.50.

Yext Stock Performance

Yext stock opened at $3.59 on Friday. The firm’s fifty day moving average price is $4.05 and its 200-day moving average price is $6.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $359.60 million, a P/E ratio of 59.88 and a beta of 1.14. Yext has a fifty-two week low of $3.29 and a fifty-two week high of $9.20.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $112.00 million during the quarter, compared to the consensus estimate of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts expect that Yext will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at approximately $28,409.76. This represents a 56.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

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.