Dimensional Fund Advisors LP Acquires 373,953 Shares of Yext $YEXT

Key Points

• Dimensional Fund Advisors increased its Yext stake by 21.3% in the first quarter, acquiring 373,953 shares and bringing its total holdings to 2.13 million shares valued at approximately $8.2 million.
• Yext insiders also showed confidence in the company, with directors Seth H. Waugh and Daniel J. Englander purchasing a combined 209,190 shares. Institutional investors own 70.98% of Yext, while corporate insiders own 7.80%.
• Yext shares opened at $5.79, while analysts maintain a consensus “Moderate Buy” rating with a $7.50 price target, despite mixed recent rating changes.

Dimensional Fund Advisors LP boosted its holdings in shares of Yext (NYSE:YEXT - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,131,636 shares of the company's stock after acquiring an additional 373,953 shares during the quarter. Dimensional Fund Advisors LP owned 2.13% of Yext worth $8,185,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of YEXT. New York State Teachers Retirement System boosted its stake in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock valued at $36,000 after purchasing an additional 9,253 shares during the period. Clearstead Advisors LLC boosted its position in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock valued at $38,000 after buying an additional 2,784 shares during the period. Able Wealth Management LLC bought a new position in Yext in the 1st quarter worth about $48,000. Sequoia Financial Advisors LLC bought a new position in Yext in the 1st quarter worth about $49,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Yext during the first quarter worth approximately $59,000. Institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Seth H. Waugh purchased 133,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the acquisition, the director owned 319,411 shares of the company's stock, valued at $1,197,791.25. The trade was a 71.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander purchased 76,190 shares of Yext stock in a transaction dated Monday, July 13th. The stock was bought at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares in the company, valued at approximately $737,011.80. This represents a 117.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 7.80% of the stock is owned by corporate insiders.

Yext Trading Up 1.0%

NYSE YEXT opened at $5.79 on Tuesday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $580.45 million, a price-to-earnings ratio of 82.71 and a beta of 1.13. The company's 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $4.77. Yext has a one year low of $3.27 and a one year high of $9.20.

Analysts Set New Price Targets

YEXT has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Yext from a "buy" rating to a "hold" rating in a research note on Sunday, May 3rd. Zacks Research raised Yext from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded Yext from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

Yext Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.

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