Yext, Inc. (NYSE:YEXT) Shares Purchased by Zacks Investment Management

Zacks Investment Management boosted its stake in Yext, Inc. (NYSE:YEXT - Free Report) by 370.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 378,415 shares of the company's stock after buying an additional 297,938 shares during the period. Zacks Investment Management owned approximately 0.30% of Yext worth $2,619,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of Yext during the second quarter worth about $62,000. Quantinno Capital Management LP purchased a new position in shares of Yext in the 3rd quarter valued at about $76,000. Dynamic Advisor Solutions LLC raised its holdings in Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company's stock worth $83,000 after purchasing an additional 3,385 shares in the last quarter. Balboa Wealth Partners purchased a new stake in shares of Yext in the 3rd quarter valued at about $114,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Yext in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Stock Performance

NYSE:YEXT traded up $0.01 during mid-day trading on Monday, hitting $8.52. 2,444,286 shares of the company's stock traded hands, compared to its average volume of 868,530. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The firm's 50 day simple moving average is $7.52 and its 200 day simple moving average is $6.14. The company has a market cap of $1.09 billion, a PE ratio of -170.40 and a beta of 1.20.

Wall Street Analysts Forecast Growth

YEXT has been the subject of several recent analyst reports. DA Davidson raised their price target on Yext from $5.50 to $5.75 and gave the company a "neutral" rating in a report on Thursday, September 5th. Roth Mkm reiterated a "buy" rating and issued a $7.50 price target (down previously from $8.00) on shares of Yext in a report on Thursday, September 5th. Finally, Needham & Company LLC raised shares of Yext from a "hold" rating to a "buy" rating and set a $8.00 price objective on the stock in a report on Thursday, September 5th.

Insider Activity at Yext

In related news, Director Seth H. Waugh bought 32,600 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the transaction, the director now owns 153,350 shares of the company's stock, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.40% of the company's stock.

About Yext

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.