Cubist Systematic Strategies LLC purchased a new stake in shares of Yext (NYSE:YEXT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 128,926 shares of the company's stock, valued at approximately $794,000. Cubist Systematic Strategies LLC owned about 0.10% of Yext as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in YEXT. Price T Rowe Associates Inc. MD boosted its stake in Yext by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,770 shares of the company's stock valued at $400,000 after purchasing an additional 8,431 shares during the last quarter. Northern Trust Corp boosted its stake in Yext by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after purchasing an additional 124,688 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Yext in the 4th quarter worth approximately $119,000. Bank of America Corp DE boosted its stake in shares of Yext by 10.0% in the 4th quarter. Bank of America Corp DE now owns 632,650 shares of the company's stock worth $4,024,000 after buying an additional 57,442 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Yext by 11.0% in the 4th quarter. Deutsche Bank AG now owns 318,644 shares of the company's stock worth $2,027,000 after buying an additional 31,563 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Yext Stock Performance
Yext stock traded down $0.03 during trading on Friday, hitting $8.66. The stock had a trading volume of 1,165,874 shares, compared to its average volume of 1,318,806. Yext has a 1 year low of $5.51 and a 1 year high of $9.20. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock's 50 day moving average is $8.45 and its two-hundred day moving average is $7.41. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -72.16 and a beta of 1.01.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on YEXT shares. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a research note on Monday, August 18th. DA Davidson boosted their target price on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Wall Street Zen upgraded Yext from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Wednesday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.44.
Check Out Our Latest Stock Report on Yext
Yext Profile
(
Free Report)
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.
Further Reading
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