Hussman Strategic Advisors Inc. Makes New $1.34 Million Investment in Yext, Inc. (NYSE:YEXT)

Hussman Strategic Advisors Inc. acquired a new stake in Yext, Inc. (NYSE:YEXT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 210,000 shares of the company's stock, valued at approximately $1,336,000. Hussman Strategic Advisors Inc. owned about 0.16% of Yext as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Potrero Capital Research LLC increased its stake in shares of Yext by 36.0% in the third quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company's stock valued at $23,559,000 after purchasing an additional 900,975 shares during the period. Geode Capital Management LLC grew its holdings in Yext by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company's stock worth $16,507,000 after buying an additional 38,305 shares in the last quarter. Tenzing Global Management LLC increased its position in Yext by 133.3% in the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company's stock valued at $14,532,000 after acquiring an additional 1,200,000 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Yext by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company's stock valued at $8,254,000 after acquiring an additional 47,983 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Yext by 21.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,171,051 shares of the company's stock worth $8,104,000 after acquiring an additional 203,179 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Price Performance

Shares of YEXT traded up $0.08 during midday trading on Friday, reaching $6.56. The stock had a trading volume of 712,943 shares, compared to its average volume of 636,763. The company has a market capitalization of $836.55 million, a P/E ratio of -43.70 and a beta of 1.26. The firm's 50 day moving average price is $6.50 and its 200-day moving average price is $6.63. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75.

Wall Street Analyst Weigh In

YEXT has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a report on Wednesday, February 12th. Roth Mkm reiterated a "buy" rating and issued a $10.50 target price (up previously from $7.50) on shares of Yext in a research report on Tuesday, December 10th. Finally, DA Davidson boosted their price target on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th.

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.