Yext $YEXT Stock Position Lessened by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Yext by 38%, selling 310,246 shares and now owns 0.41% of the company.
• Several institutional investors have increased their holdings in Yext, with Price T Rowe Associates Inc. boosting its stake by 15.5% in the last quarter.
• Analysts have varied ratings for Yext, with Zacks downgrading it to a "hold," while B. Riley upgraded it to a "buy" with a new price target of $10.00.

Jacobs Levy Equity Management Inc. cut its stake in shares of Yext (NYSE:YEXT - Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 507,174 shares of the company's stock after selling 310,246 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.41% of Yext worth $3,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YEXT. Price T Rowe Associates Inc. MD lifted its position in Yext by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,770 shares of the company's stock worth $400,000 after acquiring an additional 8,431 shares in the last quarter. Northern Trust Corp raised its position in shares of Yext by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after purchasing an additional 124,688 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Yext in the 4th quarter valued at approximately $119,000. Bank of America Corp DE raised its position in shares of Yext by 10.0% in the 4th quarter. Bank of America Corp DE now owns 632,650 shares of the company's stock valued at $4,024,000 after purchasing an additional 57,442 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Yext by 11.0% in the 4th quarter. Deutsche Bank AG now owns 318,644 shares of the company's stock valued at $2,027,000 after purchasing an additional 31,563 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YEXT has been the topic of a number of recent analyst reports. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen raised Yext from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a research report on Monday, August 18th. DA Davidson upped their price target on Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, B. Riley raised Yext from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.44.

Yext Stock Performance

YEXT traded up $0.17 during trading on Monday, reaching $8.82. 319,573 shares of the company were exchanged, compared to its average volume of 870,797. The stock has a market cap of $1.09 billion, a P/E ratio of -73.45 and a beta of 1.01. The firm has a 50 day moving average of $8.45 and a 200 day moving average of $7.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Yext has a 52 week low of $5.51 and a 52 week high of $9.20.

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.