Deutsche Bank AG Boosts Stake in Yext $YEXT

Key Points

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Deutsche Bank AG lifted its stake in Yext (NYSE:YEXT - Free Report) by 61.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,073 shares of the company's stock after purchasing an additional 194,429 shares during the period. Deutsche Bank AG owned 0.41% of Yext worth $3,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Yext by 0.9% in 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 in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Yext by 2.8% in 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 in the last quarter. Teacher Retirement System of Texas boosted its holdings in Yext by 19.5% in the 1st quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company's stock worth $228,000 after buying an additional 6,039 shares during the period. MetLife Investment Management LLC boosted its holdings in Yext by 10.7% in the 4th quarter. MetLife Investment Management LLC now owns 63,967 shares of the company's stock worth $407,000 after buying an additional 6,193 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Yext in the 1st quarter worth $43,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on YEXT shares. B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $10.00 in a report on Wednesday, June 4th. DA Davidson upped their target price on shares of Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 target price on shares of Yext in a report on Monday.

Yext Stock Up 8.8%

Shares of Yext stock opened at $8.80 on Tuesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -48.89 and a beta of 1.06. The business has a 50-day moving average price of $8.22 and a 200-day moving average price of $7.12. Yext has a twelve month low of $4.73 and a twelve month high of $9.16.

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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