Strategic Family Wealth Counselors L.L.C. Takes Position in Yext, Inc. (NYSE:YEXT)

Strategic Family Wealth Counselors L.L.C. acquired a new position in Yext, Inc. (NYSE:YEXT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,311 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Yext by 2.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,189,179 shares of the company’s stock worth $13,450,000 after purchasing an additional 25,697 shares during the period. Russell Investments Group Ltd. purchased a new stake in Yext in the 2nd quarter worth about $956,000. Jupiter Asset Management Ltd. raised its position in Yext by 36.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 181,620 shares of the company’s stock worth $2,054,000 after purchasing an additional 48,666 shares during the period. US Bancorp DE raised its position in Yext by 311.6% in the 2nd quarter. US Bancorp DE now owns 2,227 shares of the company’s stock worth $25,000 after purchasing an additional 1,686 shares during the period. Finally, Cetera Advisors LLC bought a new position in Yext in the 2nd quarter worth about $272,000. 71.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a “buy” rating and issued a $12.50 target price on shares of Yext in a research note on Friday, September 1st. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.95.

Insider Activity

In other Yext news, General Counsel Ho Shin sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $6.20, for a total value of $93,000.00. Following the completion of the sale, the general counsel now directly owns 112,477 shares in the company, valued at $697,357.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.90% of the company’s stock.

Yext Price Performance

YEXT stock traded up $0.04 during mid-day trading on Friday, reaching $6.59. The company had a trading volume of 638,469 shares, compared to its average volume of 585,089. The company has a market capitalization of $820.34 million, a PE ratio of -34.68 and a beta of 1.21. The firm has a 50 day moving average of $6.22 and a 200 day moving average of $8.43. Yext, Inc. has a 12 month low of $5.09 and a 12 month high of $14.35.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, September 6th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Yext had a negative net margin of 5.94% and a negative return on equity of 17.83%. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.97 million. During the same period in the prior year, the firm earned ($0.16) EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that Yext, Inc. will post -0.09 EPS for the current year.

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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.