Federated Hermes Inc. Sells 113,445 Shares of Yext, Inc. (NYSE:YEXT)

Federated Hermes Inc. cut its position in Yext, Inc. (NYSE:YEXT) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,434,714 shares of the company’s stock after selling 113,445 shares during the quarter. Federated Hermes Inc. owned 1.16% of Yext worth $8,450,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Yext by 86.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,377 shares of the company’s stock worth $255,000 after acquiring an additional 20,085 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of Yext by 18.1% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 156,537 shares of the company’s stock worth $922,000 after acquiring an additional 24,045 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Yext by 31.6% during the fourth quarter. Vontobel Holding Ltd. now owns 155,574 shares of the company’s stock worth $916,000 after acquiring an additional 37,373 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Yext by 13.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,262,185 shares of the company’s stock worth $7,434,000 after acquiring an additional 146,434 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Yext during the fourth quarter worth about $56,000. 70.98% of the stock is currently owned by institutional investors.

Yext Stock Down 0.7 %

NYSE YEXT opened at $5.50 on Thursday. The business has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $5.99. Yext, Inc. has a one year low of $5.22 and a one year high of $14.35.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. Yext had a negative return on equity of 1.87% and a negative net margin of 0.65%. The business had revenue of $101.11 million during the quarter, compared to analysts’ expectations of $100.20 million. On average, equities analysts predict that Yext, Inc. will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price objective on Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Yext has a consensus rating of “Moderate Buy” and a consensus target price of $11.20.

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.