Nuveen Asset Management LLC Sells 14,897 Shares of Yext, Inc. (NYSE:YEXT)

Nuveen Asset Management LLC reduced its position in Yext, Inc. (NYSE:YEXT) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 354,847 shares of the company’s stock after selling 14,897 shares during the period. Nuveen Asset Management LLC’s holdings in Yext were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of YEXT. Deutsche Bank AG raised its stake in shares of Yext by 11.0% in the fourth quarter. Deutsche Bank AG now owns 318,644 shares of the company’s stock worth $2,027,000 after buying an additional 31,563 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Yext in the 4th quarter worth approximately $440,000. Bank of America Corp DE raised its stake in Yext by 10.0% during the 4th quarter. Bank of America Corp DE now owns 632,650 shares of the company’s stock worth $4,024,000 after acquiring an additional 57,442 shares during the period. Ameriprise Financial Inc. purchased a new position in Yext during the fourth quarter valued at approximately $119,000. Finally, Northern Trust Corp boosted its position in shares of Yext by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,053,874 shares of the company’s stock worth $6,703,000 after purchasing an additional 124,688 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Roth Mkm restated a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Wednesday, May 21st.

Yext Stock Performance

NYSE:YEXT opened at $6.68 on Tuesday. The company’s 50-day simple moving average is $6.38 and its 200-day simple moving average is $6.64. The stock has a market capitalization of $831.65 million, a P/E ratio of -44.50 and a beta of 1.07. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. On average, research analysts forecast that Yext, Inc. will post -0.12 EPS for the current year.

Yext 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.