Nuveen LLC Invests $1.71 Million in Yext $YEXT

Key Points

• Nuveen LLC invested approximately $1.71 million by purchasing 276,757 shares of Yext in the first quarter, representing about 0.22% ownership of the company.
• Institutions own 70.98% of Yext's stock, with several hedge funds increasing their positions significantly during the same quarter.
• Yext's stock has a market capitalization of $1.11 billion and has seen a 52-week price range between $4.73 and $9.20.

Nuveen LLC purchased a new stake in Yext (NYSE:YEXT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 276,757 shares of the company's stock, valued at approximately $1,705,000. Nuveen LLC owned approximately 0.22% of Yext at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Tenzing Global Management LLC boosted its position in Yext by 20.8% during the fourth quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock worth $16,138,000 after purchasing an additional 437,500 shares in the last quarter. Pathstone Holdings LLC purchased a new stake in Yext during the fourth quarter worth $13,026,000. Dimensional Fund Advisors LP boosted its position in Yext by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock worth $9,346,000 after purchasing an additional 273,498 shares in the last quarter. Northern Trust Corp boosted its position in Yext by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock worth $6,703,000 after purchasing an additional 124,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Yext by 21.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company's stock worth $6,370,000 after purchasing an additional 185,116 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Price Performance

YEXT stock traded down $0.13 during trading on Tuesday, reaching $8.96. 1,150,356 shares of the stock traded hands, compared to its average volume of 858,641. The business's 50 day moving average price is $8.36 and its 200-day moving average price is $7.28. Yext has a 52-week low of $4.73 and a 52-week high of $9.20. The firm has a market capitalization of $1.10 billion, a PE ratio of -49.76 and a beta of 1.01.

Analysts Set New Price Targets

A number of analysts have commented on YEXT shares. DA Davidson boosted their target price on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Zacks Research cut Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Wall Street Zen cut Yext from a "strong-buy" rating to a "buy" rating in a report on Saturday. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Yext in a report on Monday, August 18th. Finally, B. Riley raised Yext from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a report on Wednesday, June 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.44.

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.