King Luther Capital Management Corp Boosts Stock Holdings in Yext $YEXT

King Luther Capital Management Corp lifted its position in Yext (NYSE:YEXT - Free Report) by 34.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,291 shares of the company's stock after acquiring an additional 173,374 shares during the period. King Luther Capital Management Corp owned 0.55% of Yext worth $5,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• Generative AI is Driving Yext to Up Its Full-Year Guidance

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of Yext by 18.8% in the second quarter. Acadian Asset Management LLC now owns 730,703 shares of the company's stock worth $6,205,000 after buying an additional 115,850 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Yext by 57.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company's stock valued at $13,854,000 after purchasing an additional 595,819 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Yext during the second quarter worth approximately $892,000. Versor Investments LP purchased a new stake in Yext in the 2nd quarter valued at $949,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Yext by 114.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 79,544 shares of the company's stock worth $676,000 after acquiring an additional 42,518 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Stock Down 0.1%

Shares of Yext stock opened at $8.48 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Yext has a 52-week low of $5.51 and a 52-week high of $9.20. The company has a market capitalization of $1.04 billion, a P/E ratio of -70.62 and a beta of 0.96. The company has a 50 day moving average of $8.58 and a 200 day moving average of $8.09.

• AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost

Yext (NYSE:YEXT - Get Free Report) last released its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). The firm had revenue of $113.09 million for the quarter, compared to analysts' expectations of $111.24 million. Yext had a return on equity of 4.90% and a net margin of 1.66%.Yext's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. As a group, research analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Yext from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Zacks Research cut shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Yext in a research note on Monday, August 18th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Yext in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.44.

• MarketBeat Week in Review – 1/30 - 2/3

Get Our Latest Stock Report on Yext

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.

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