Semanteon Capital Management LP Sells 20,731 Shares of Yext, Inc. (NYSE:YEXT)

Semanteon Capital Management LP cut its stake in Yext, Inc. (NYSE:YEXT) by 49.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,019 shares of the company’s stock after selling 20,731 shares during the period. Semanteon Capital Management LP’s holdings in Yext were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Lynrock Lake LP increased its position in shares of Yext by 23.8% during the second quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after acquiring an additional 1,591,791 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after buying an additional 1,275,348 shares during the last quarter. Invenomic Capital Management LP lifted its stake in shares of Yext by 67.0% during the 1st quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock worth $9,069,000 after buying an additional 603,598 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Yext by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after acquiring an additional 526,043 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Yext by 53.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock worth $5,537,000 after acquiring an additional 321,812 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

YEXT has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price target (down from $8.00) on shares of Yext in a report on Thursday, September 5th. DA Davidson boosted their target price on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, September 5th.

Insider Activity

In related news, Director Seth H. Waugh purchased 32,600 shares of Yext stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now directly owns 153,350 shares of the company’s stock, valued at $1,019,777.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Yext Trading Up 3.1 %

YEXT stock opened at $7.06 on Tuesday. The company’s 50 day moving average is $6.29 and its 200 day moving average is $5.63. The stock has a market cap of $890.54 million, a price-to-earnings ratio of -141.20 and a beta of 1.19. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $7.53.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The business had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $98.15 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Yext, Inc. will post 0.08 EPS for the current fiscal 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.