Strs Ohio Purchases Shares of 91,200 Yext $YEXT

Key Points

• Strs Ohio purchased a new stake in Yext, acquiring 91,200 shares valued at approximately $562,000, representing about 0.07% of the company.
• Several large investors, including Millennium Management and The Manufacturers Life Insurance Company, also increased or acquired significant stakes in Yext, highlighting growing institutional interest.
• Wall Street analysts have mixed opinions on Yext, with Zacks lowering its rating to "hold," while others maintain "buy" ratings with varied price targets, suggesting a consensus of "Moderate Buy" with an average target of $9.44.

Strs Ohio acquired a new stake in shares of Yext (NYSE:YEXT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 91,200 shares of the company's stock, valued at approximately $562,000. Strs Ohio owned about 0.07% of Yext at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YEXT. Lynrock Lake LP grew its holdings in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock valued at $71,951,000 after buying an additional 1,009,285 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Yext during the first quarter valued at about $3,964,000. The Manufacturers Life Insurance Company grew its holdings in shares of Yext by 13.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company's stock valued at $32,181,000 after buying an additional 614,960 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Yext during the first quarter valued at about $2,064,000. Finally, King Luther Capital Management Corp grew its holdings in shares of Yext by 127.9% during the first quarter. King Luther Capital Management Corp now owns 497,917 shares of the company's stock valued at $3,067,000 after buying an additional 279,390 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

YEXT stock traded down $0.01 during midday trading on Tuesday, reaching $8.83. The company had a trading volume of 280,739 shares, compared to its average volume of 884,762. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Yext has a 1 year low of $5.51 and a 1 year high of $9.20. The company has a market capitalization of $1.09 billion, a P/E ratio of -73.49 and a beta of 1.01. The firm has a 50-day moving average price of $8.53 and a 200-day moving average price of $7.52.

Wall Street Analysts Forecast Growth

YEXT has been the topic of several analyst reports. Wall Street Zen upgraded shares of Yext from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Yext in a report on Monday, August 18th. B. Riley upgraded shares of 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. DA Davidson boosted their price target on shares of Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, Zacks Research cut shares of Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.44.

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.