Tocqueville Asset Management L.P. Purchases New Holdings in Yext $YEXT

Key Points

• Tocqueville Asset Management L.P. acquired a new stake in Yext during Q1, purchasing 335,000 shares valued at approximately $2,064,000, representing 0.27% of the company's stock.
• Several other large investors also increased their holdings in Yext, contributing to institutional investors owning 70.98% of the stock.
• Analyst ratings for Yext have seen positive movement, with B. Riley upgrading the stock from a "neutral" to a "buy" rating and raising the price target to $10.00.

Tocqueville Asset Management L.P. acquired a new stake in Yext (NYSE:YEXT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 335,000 shares of the company's stock, valued at approximately $2,064,000. Tocqueville Asset Management L.P. owned 0.27% of Yext at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Yext in the 1st quarter valued at approximately $43,000. Optas LLC bought a new stake in shares of Yext in the 1st quarter valued at approximately $71,000. Entropy Technologies LP grew its stake in shares of Yext by 24.3% in the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock valued at $104,000 after purchasing an additional 3,298 shares during the period. Quantinno Capital Management LP grew its position in Yext by 71.1% during the 4th 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 during the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Yext during the 4th quarter worth approximately $119,000. 70.98% of the stock is currently owned by institutional investors.

Yext Price Performance

NYSE YEXT opened at $8.09 on Monday. The stock's 50 day simple moving average is $8.22 and its 200 day simple moving average is $7.10. Yext has a one year low of $4.73 and a one year high of $9.15. The firm has a market cap of $990.22 million, a PE ratio of -44.94 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research firms recently commented on YEXT. DA Davidson increased their price target on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Yext in a research report on Wednesday, June 4th.

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.

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