Federated Hermes Inc. Has $14.96 Million Stock Holdings in Yext (NYSE:YEXT)

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. reduced its holdings in Yext (NYSE:YEXT - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Yext by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock valued at $2,029,000 after acquiring an additional 2,776 shares during the last quarter. Summit Trail Advisors LLC lifted its position 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 during the period. Teacher Retirement System of Texas boosted its stake in shares of Yext by 19.5% in the 1st quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company's stock valued at $228,000 after purchasing an additional 6,039 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Yext by 10.7% in the 4th quarter. MetLife Investment Management LLC now owns 63,967 shares of the company's stock valued at $407,000 after purchasing an additional 6,193 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Yext by 4.7% during the first quarter. Rhumbline Advisers now owns 155,596 shares of the company's stock worth $958,000 after buying an additional 7,047 shares during the period. Institutional investors own 70.98% of the company's stock.

Yext Stock Down 4.4%

NYSE:YEXT opened at $7.76 on Friday. Yext has a twelve month low of $4.69 and a twelve month high of $9.15. The company has a fifty day moving average of $8.09 and a 200-day moving average of $6.99. The firm has a market capitalization of $949.82 million, a P/E ratio of -43.11 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a report on Wednesday, June 4th. DA Davidson lifted their price objective on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Finally, 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.

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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