Yext, Inc. (NYSE:YEXT) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,171,051 shares of the company's stock after buying an additional 203,179 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.92% of Yext worth $8,104,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in YEXT. Lynrock Lake LP boosted its holdings in Yext by 23.8% in the second quarter. Lynrock Lake LP now owns 8,267,487 shares of the company's stock valued at $44,231,000 after purchasing an additional 1,591,791 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Yext by 86.6% in the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company's stock valued at $14,704,000 after buying an additional 1,275,348 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Yext by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company's stock valued at $25,332,000 after buying an additional 526,043 shares during the last quarter. Marshall Wace LLP raised its stake in Yext by 230.7% during the 2nd quarter. Marshall Wace LLP now owns 367,953 shares of the company's stock worth $1,969,000 after acquiring an additional 256,688 shares in the last quarter. Finally, Algert Global LLC lifted its position in Yext by 410.4% in the second quarter. Algert Global LLC now owns 317,046 shares of the company's stock valued at $1,696,000 after acquiring an additional 254,924 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on YEXT. Roth Mkm reaffirmed a "buy" rating and set a $7.50 price objective (down previously from $8.00) on shares of Yext in a report on Thursday, September 5th. DA Davidson lifted their price target on Yext from $5.50 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC raised Yext from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a report on Thursday, September 5th.

Yext Stock Up 0.7 %

YEXT stock traded up $0.06 during trading on Friday, hitting $8.51. The company had a trading volume of 1,619,404 shares, compared to its average volume of 861,700. The firm has a market cap of $1.09 billion, a PE ratio of -169.00 and a beta of 1.20. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.60. The firm has a 50-day moving average price of $7.45 and a 200-day moving average price of $6.09.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $97.90 million for the quarter, compared to analysts' expectations of $98.15 million. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Sell-side analysts anticipate that Yext, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Yext

In other news, Director Seth H. Waugh purchased 32,600 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $6.65 per share, with a total value of $216,790.00. Following the purchase, the director now directly owns 153,350 shares of the company's stock, valued at $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is owned by corporate insiders.

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.