Nano Cap New Millennium Growth Fund L P Makes New Investment in Yext $YEXT

Nano Cap New Millennium Growth Fund L P acquired a new stake in Yext (NYSE:YEXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 225,000 shares of the company’s stock, valued at approximately $1,814,000. Yext accounts for about 1.5% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 13th largest holding. Nano Cap New Millennium Growth Fund L P owned approximately 0.18% of Yext as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Yext by 61.9% in the 4th quarter. Covestor Ltd now owns 82,077 shares of the company’s stock worth $663,000 after purchasing an additional 31,389 shares in the last quarter. Gabelli Funds LLC increased its stake in Yext by 84.6% during the 4th quarter. Gabelli Funds LLC now owns 36,000 shares of the company’s stock valued at $290,000 after purchasing an additional 16,500 shares in the last quarter. NewEdge Wealth LLC acquired a new position in Yext during the fourth quarter worth $1,458,000. Optas LLC bought a new position in shares of Yext in the fourth quarter valued at $88,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Yext during the fourth quarter valued at about $114,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Yext

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

Wall Street Analyst Weigh In

YEXT has been the subject of several recent research reports. B. Riley Financial decreased their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and dropped their target price for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Yext Price Performance

Shares of NYSE YEXT opened at $3.59 on Friday. The company has a market capitalization of $359.60 million, a PE ratio of 59.88 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $4.05 and its 200-day moving average price is $6.21. Yext has a twelve month low of $3.29 and a twelve month high of $9.20.

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

Yext 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.