Yext, Inc. (NYSE:YEXT) Shares Acquired by Fmr LLC

FMR LLC raised its holdings in Yext, Inc. (NYSE:YEXT - Free Report) by 34.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 552,218 shares of the company's stock after purchasing an additional 142,149 shares during the period. FMR LLC owned about 0.43% of Yext worth $3,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in shares of Yext during the second quarter valued at approximately $62,000. Dynamic Advisor Solutions LLC raised its stake in Yext by 27.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company's stock valued at $83,000 after purchasing an additional 3,385 shares during the last quarter. Balboa Wealth Partners acquired a new position in Yext in the 3rd quarter valued at $114,000. Dark Forest Capital Management LP purchased a new position in Yext in the 2nd quarter valued at $125,000. Finally, Mackenzie Financial Corp boosted its stake in Yext by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company's stock worth $143,000 after purchasing an additional 2,493 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Seth H. Waugh acquired 32,600 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, with a total value of $216,790.00. Following the transaction, the director now owns 153,350 shares of the company's stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 8.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on YEXT. DA Davidson raised their price target on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a research note on Tuesday. Needham & Company LLC increased their price target on Yext from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Roth Mkm reissued a "buy" rating and set a $10.50 price objective (up previously from $7.50) on shares of Yext in a research note on Tuesday.

Yext Stock Down 3.1 %

Shares of Yext stock traded down $0.21 during mid-day trading on Friday, hitting $6.50. The stock had a trading volume of 1,242,416 shares, compared to its average volume of 1,045,898. The firm has a 50-day moving average of $7.53 and a two-hundred day moving average of $6.18. The firm has a market cap of $829.53 million, a P/E ratio of -43.33 and a beta of 1.20. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75.

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.