Y Intercept Hong Kong Ltd Invests $738,000 in Yext, Inc. (NYSE:YEXT)

Y Intercept Hong Kong Ltd bought a new stake in Yext, Inc. (NYSE:YEXT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 116,023 shares of the company's stock, valued at approximately $738,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of Yext as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of YEXT. Harbor Capital Advisors Inc. lifted its holdings in Yext by 18.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company's stock valued at $152,000 after acquiring an additional 3,384 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of Yext by 1.8% in the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock valued at $1,196,000 after purchasing an additional 3,409 shares during the period. Rhumbline Advisers increased its stake in Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock worth $945,000 after purchasing an additional 3,813 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Yext by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 59,438 shares of the company's stock worth $378,000 after buying an additional 5,191 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Yext during the third quarter valued at about $38,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Trading Up 0.8 %

NYSE YEXT traded up $0.06 during trading on Tuesday, hitting $6.66. 290,072 shares of the company traded hands, compared to its average volume of 627,032. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The business has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.72. The company has a market capitalization of $849.32 million, a P/E ratio of -44.37 and a beta of 1.34.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Roth Mkm restated a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson boosted their price objective on shares of Yext from $5.75 to $7.50 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Yext in a research note on Wednesday, February 12th.

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.