JPMorgan Chase & Co. Increases Stake in Yext, Inc. (NYSE:YEXT)

JPMorgan Chase & Co. increased its position in Yext, Inc. (NYSE:YEXT - Free Report) by 224.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 515,221 shares of the company's stock after acquiring an additional 356,324 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Yext worth $3,565,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company's stock valued at $143,000 after purchasing an additional 2,493 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Yext by 18.2% during the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company's stock valued at $152,000 after buying an additional 3,384 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Yext during the third quarter worth about $38,000. Massachusetts Financial Services Co. MA increased its stake in Yext by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company's stock worth $1,601,000 after acquiring an additional 10,040 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Yext in the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Stock Down 2.4 %

Shares of NYSE:YEXT traded down $0.16 during midday trading on Friday, reaching $6.33. The company's stock had a trading volume of 991,125 shares, compared to its average volume of 785,564. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.75. The firm has a market capitalization of $807.20 million, a P/E ratio of -42.17 and a beta of 1.26. The firm has a 50 day moving average of $7.20 and a 200-day moving average of $6.43.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Roth Mkm reissued a "buy" rating and set a $10.50 price objective (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th. DA Davidson increased their price target on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a 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 report on Thursday.

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.