Tenzing Global Management LLC Buys 1,200,000 Shares of Yext, Inc. (NYSE:YEXT)

Tenzing Global Management LLC raised its position in Yext, Inc. (NYSE:YEXT - Free Report) by 133.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,100,000 shares of the company's stock after buying an additional 1,200,000 shares during the quarter. Yext comprises about 10.3% of Tenzing Global Management LLC's portfolio, making the stock its 2nd largest position. Tenzing Global Management LLC owned about 1.64% of Yext worth $14,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lynrock Lake LP raised its stake in Yext by 23.8% during the second quarter. Lynrock Lake LP now owns 8,267,487 shares of the company's stock worth $44,231,000 after acquiring an additional 1,591,791 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Yext by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company's stock worth $25,332,000 after purchasing an additional 526,043 shares in the last quarter. Potrero Capital Research LLC increased its position in Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company's stock worth $23,559,000 after purchasing an additional 900,975 shares in the last quarter. Federated Hermes Inc. lifted its stake in 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 purchasing an additional 1,275,348 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Yext by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company's stock valued at $6,430,000 after buying an additional 22,989 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on YEXT shares. Roth Mkm reiterated a "buy" rating and issued a $7.50 price target (down from $8.00) on shares of Yext in a research note on Thursday, September 5th. Needham & Company LLC raised Yext from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday, September 5th. Finally, DA Davidson lifted their price target on Yext from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, September 5th.

Yext Stock Up 1.1 %

Shares of YEXT stock traded up $0.09 during trading hours on Friday, hitting $8.54. 637,292 shares of the company's stock traded hands, compared to its average volume of 857,400. The stock has a market cap of $1.09 billion, a PE ratio of -169.00 and a beta of 1.20. The stock's 50 day simple moving average is $7.45 and its 200 day simple moving average is $6.09. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.60.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The firm had revenue of $97.90 million for the quarter, compared to the consensus estimate of $98.15 million. During the same period in the previous year, the business earned ($0.03) EPS. The business's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Yext, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Yext

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost 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. This trade represents a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is owned by corporate insiders.

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.