Yext (NYSE:YEXT) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. reduced its holdings in Yext (NYSE:YEXT) by 13.9%, now owning approximately 1.95% of the company, valued at around $14.96 million.
• Yext's stock is currently down 4.4%, with a market capitalization of $949.82 million and a P/E ratio of -43.11.
• Several analysts have issued positive ratings for Yext, with Needham & Company setting a target price of $10.00 and B. Riley upgrading the stock from "neutral" to "buy."

Federated Hermes Inc. lessened its holdings in shares of Yext (NYSE:YEXT - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,427,934 shares of the company's stock after selling 392,681 shares during the quarter. Federated Hermes Inc. owned approximately 1.95% of Yext worth $14,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YEXT. Bank of New York Mellon Corp boosted its position in Yext by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock valued at $2,029,000 after buying an additional 2,776 shares during the last quarter. Summit Trail Advisors LLC grew its holdings 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 valued at $1,190,000 after acquiring an additional 5,220 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Yext by 19.5% during the 1st quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company's stock worth $228,000 after acquiring an additional 6,039 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Yext by 10.7% in the fourth quarter. MetLife Investment Management LLC now owns 63,967 shares of the company's stock worth $407,000 after acquiring an additional 6,193 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Yext by 4.7% during the 1st quarter. Rhumbline Advisers now owns 155,596 shares of the company's stock valued at $958,000 after acquiring an additional 7,047 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Yext Price Performance

Shares of Yext stock traded down $0.11 during trading on Tuesday, hitting $7.93. 161,606 shares of the company's stock traded hands, compared to its average volume of 817,030. The business has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $7.01. The stock has a market capitalization of $970.02 million, a P/E ratio of -44.03 and a beta of 1.06. Yext has a 1 year low of $4.69 and a 1 year high of $9.15.

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.