Mackenzie Financial Corp Has $1.32 Million Stock Holdings in Yext (NYSE:YEXT)

Key Points

• Mackenzie Financial Corp increased its holdings in Yext by 191%, acquiring an additional 140,513 shares, bringing its total to 214,070 shares valued at approximately $1.32 million.
• Analysts have responded positively, with B. Riley upgrading Yext to a "buy" rating and raising the price target from $7.00 to $10.00.
• Yext's stock performance has shown fluctuations, with a fifty-two week low of $4.69 and a high of $9.15, currently trading around $8.01.

Mackenzie Financial Corp lifted its holdings in Yext (NYSE:YEXT - Free Report) by 191.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,070 shares of the company's stock after buying an additional 140,513 shares during the period. Mackenzie Financial Corp owned about 0.17% of Yext worth $1,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new position in Yext in the 4th quarter valued at approximately $64,000. Optas LLC purchased a new position in shares of Yext during the 1st quarter valued at $71,000. Martingale Asset Management L P purchased a new position in shares of Yext during the 4th quarter valued at $78,000. Ameriprise Financial Inc. acquired a new position in shares of Yext in the fourth quarter worth $119,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Yext by 71.1% during the fourth quarter. Quantinno Capital Management LP now owns 18,676 shares of the company's stock worth $119,000 after acquiring an additional 7,758 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on YEXT shares. B. Riley upgraded 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. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Yext in a report on Wednesday, June 4th. Finally, DA Davidson increased their price objective on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday, June 5th.

Yext Price Performance

Shares of YEXT stock traded down $0.02 on Friday, hitting $7.91. The company's stock had a trading volume of 251,606 shares, compared to its average volume of 810,427. The stock has a market capitalization of $967.57 million, a price-to-earnings ratio of -43.91 and a beta of 1.06. Yext has a fifty-two week low of $4.69 and a fifty-two week high of $9.15. The firm's fifty day moving average price is $8.20 and its 200-day moving average price is $7.04.

Yext 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.