Counterpoint Mutual Funds LLC Acquires Shares of 271,314 Yext $YEXT

Key Points

• Counterpoint Mutual Funds LLC has acquired 271,314 shares of Yext (NYSE:YEXT), valued at approximately $2,306,000, marking it as the firm's 26th largest position.
• Several institutional investors have modified their holdings in Yext, with a total of 70.98% of the stock owned by hedge funds and other institutional investors.
• Wall Street analysts have differing views on Yext, with ratings ranging from "strong-buy" to "hold," and an average price target of $9.44.

Counterpoint Mutual Funds LLC bought a new position in shares of Yext (NYSE:YEXT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 271,314 shares of the company's stock, valued at approximately $2,306,000. Yext makes up 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 26th largest position. Counterpoint Mutual Funds LLC owned about 0.22% of Yext at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of YEXT. Martingale Asset Management L P grew its holdings in Yext by 16.4% during the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock valued at $88,000 after buying an additional 2,002 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Yext by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock worth $2,029,000 after purchasing an additional 2,776 shares during the period. Entropy Technologies LP lifted its stake in shares of Yext by 24.3% during the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock worth $104,000 after purchasing an additional 3,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock worth $2,593,000 after purchasing an additional 4,802 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in shares of Yext by 2.8% during the 1st quarter. Summit Trail Advisors LLC now owns 193,259 shares of the company's stock worth $1,190,000 after purchasing an additional 5,220 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on YEXT. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded Yext from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $7.00 to $10.00 in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Yext in a research note on Monday, August 18th. Finally, DA Davidson lifted their price target on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Yext presently has an average rating of "Moderate Buy" and an average price target of $9.44.

Yext Trading Up 0.1%

Yext stock opened at $8.82 on Tuesday. The company's fifty day simple moving average is $8.53 and its 200-day simple moving average is $7.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Yext has a 12 month low of $5.51 and a 12 month high of $9.20. The stock has a market cap of $1.09 billion, a P/E ratio of -73.49 and a beta of 1.01.

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.

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