Balboa Wealth Partners Makes New Investment in Yext, Inc. (NYSE:YEXT)

Balboa Wealth Partners purchased a new stake in shares of Yext, Inc. (NYSE:YEXT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,422 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in YEXT. Williams & Novak LLC purchased a new stake in Yext in the second quarter valued at approximately $56,000. Canada Pension Plan Investment Board acquired a new stake in shares of Yext in the second quarter worth $62,000. Dynamic Advisor Solutions LLC raised its holdings in shares of Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after purchasing an additional 3,385 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Yext by 36.2% during the second quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock valued at $100,000 after purchasing an additional 4,946 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Yext during the 3rd quarter worth about $158,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the acquisition, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

Yext Trading Down 1.3 %

Shares of YEXT stock opened at $7.79 on Friday. The company has a market capitalization of $995.86 million, a P/E ratio of -155.70 and a beta of 1.17. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.14. The business’s 50 day moving average is $6.96 and its two-hundred day moving average is $5.83.

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

Analysts Set New Price Targets

Several research firms recently commented on YEXT. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Thursday, September 5th. Roth Mkm restated a “buy” rating and issued a $7.50 price objective (down previously from $8.00) on shares of Yext in a research report on Thursday, September 5th. Finally, DA Davidson lifted their target price on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th.

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 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.