Deutsche Bank AG Purchases 194,429 Shares of 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 first quarter, according to its most recent disclosure 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 quarter. Deutsche Bank AG owned 0.41% of Yext worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Yext in the first quarter worth approximately $43,000. Optas LLC purchased a new stake in shares of Yext in the first quarter worth approximately $71,000. Ameriprise Financial Inc. purchased a new stake in shares of Yext in the fourth quarter worth approximately $119,000. Quantinno Capital Management LP lifted its position in shares of Yext by 71.1% in the fourth quarter. Quantinno Capital Management LP now owns 18,676 shares of the company's stock worth $119,000 after purchasing an additional 7,758 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Yext in the first quarter worth approximately $180,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YEXT has been the subject of a number of research analyst reports. B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Zacks Research lowered shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Finally, DA Davidson raised their price objective on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Stock Up 1.5%

Shares of NYSE:YEXT traded up $0.1350 during trading on Friday, reaching $8.9650. The stock had a trading volume of 1,986,566 shares, compared to its average volume of 893,684. Yext has a 52 week low of $4.73 and a 52 week high of $9.16. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -49.80 and a beta of 1.06. The stock has a fifty day simple moving average of $8.25 and a two-hundred day simple moving average of $7.18.

Yext Company 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.