Raymond James Financial Inc. Acquires New Shares in Yext, Inc. (NYSE:YEXT)

On March 31, 2025, it was reported that Raymond James Financial Inc. has purchased a new position in Yext, Inc. (NYSE:YEXT). This acquisition occurred during the fourth quarter and involved the purchase of 348,944 shares, amounting to an investment of approximately $2,219,000.

Other hedge funds have also made adjustments to their holdings in Yext. For instance, Summit Trail Advisors LLC increased its stake by 1.8% in the fourth quarter, now owning 188,039 shares valued at $1,196,000 after adding 3,409 shares. Rhumbline Advisers expanded its holdings by 2.6%, acquiring an additional 3,813 shares to bring its total to 148,549 shares worth $945,000. Moreover, Principal Financial Group Inc. raised its position by 9.6%, with 59,438 shares valued at $378,000 after purchasing 5,191 shares. In addition, Wilmington Savings Fund Society FSB invested in Yext for the first time in the third quarter, with a new stake valued at $38,000. KBC Group NV also joined the investors during the fourth quarter, purchasing a new position valued at $47,000. Currently, institutional investors hold about 70.98% of Yext's shares.

Analyst Insights on Yext

Yext has recently attracted attention from various financial analysts. In a report on February 26, Roth MKM reiterated a "buy" rating while adjusting its price target from $10.50 to $9.50. Needham & Company LLC maintained a "buy" rating and set a price target of $10.00 for Yext shares in its analysis on March 6. Additionally, DA Davidson increased its price target for Yext from $5.75 to $7.50, assigning the stock a "neutral" rating in its report from December 10.

Yext Stock Performance

As of the latest trading session, Yext shares opened at $6.19, reflecting a decrease of 2.4%. The company has seen a 50-day moving average of $6.47 and a 200-day moving average of $6.85, with a market capitalization of $782.31 million. The price-to-earnings ratio sits at -41.23, and the stock has experienced a 12-month low of $4.29 and a high of $8.75.

Yext recently announced its quarterly earnings on March 5, reporting an earnings per share (EPS) of -$0.06, which fell short of analysts’ expectations of $0.14 by a margin of $0.20. The firm generated revenue of $113.09 million, slightly exceeding the anticipated $112.77 million. Yext's return on equity was negative at 11.10%, and it recorded a negative net margin of 4.64%. Analysts are forecasting that Yext, Inc. will post an EPS of -$0.12 for the current fiscal year.

About Yext, Inc.

Yext, Inc. focuses on organizing business information to provide answers to consumer inquiries, both domestically and internationally. It operates the Yext platform, a cloud-based service that enables customers to manage their business facts and content on various platforms. The service allows customers to update their details across a publisher network that includes maps, apps, search engines, and social media channels, alongside providing professional services.

Further Information

For those interested in tracking investments in Yext, regular updates are available, including 13F filings and insider trading information related to Yext, Inc.

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