Jacobs Levy Equity Management Inc. Sells 310,246 Shares of Yext $YEXT

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new position in shares of Yext during the first quarter valued at approximately $43,000. Optas LLC purchased a new position in shares of Yext during the first quarter valued at approximately $71,000. Martingale Asset Management L P increased its stake in shares of Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock valued at $88,000 after buying an additional 2,002 shares during the period. Ieq Capital LLC purchased a new position in shares of Yext during the first quarter valued at approximately $90,000. Finally, Entropy Technologies LP increased its stake in shares of Yext by 24.3% during the first quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock valued at $104,000 after buying an additional 3,298 shares during the period. Institutional investors own 70.98% of the company's stock.

Yext Stock Down 0.3%

Shares of NYSE YEXT traded down $0.03 during trading on Friday, reaching $8.66. The company had a trading volume of 1,165,874 shares, compared to its average volume of 1,318,806. The stock has a market cap of $1.07 billion, a PE ratio of -72.16 and a beta of 1.01. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Yext has a 12-month low of $5.51 and a 12-month high of $9.20. The business's 50-day moving average is $8.45 and its 200 day moving average is $7.41.

Analysts Set New Price Targets

Several research firms have recently issued reports on YEXT. Needham & Company LLC reissued a "buy" rating and set a $10.00 target price on shares of Yext in a research note on Monday, August 18th. Zacks Research cut Yext from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. B. Riley raised Yext from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.00 to $10.00 in a research note on Wednesday, June 4th. Wall Street Zen cut Yext from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, DA Davidson upped their price target on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Three investment 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, Yext has a consensus rating of "Moderate Buy" and an average price target of $9.44.

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.