UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Yext, Inc. (NYSE:YEXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,405 shares of the company's stock after purchasing an additional 61,495 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Yext worth $1,891,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of YEXT. Pathstone Holdings LLC acquired a new position in shares of Yext in the fourth quarter valued at approximately $13,026,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Yext by 160.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock valued at $11,183,000 after purchasing an additional 1,082,153 shares in the last quarter. Tenzing Global Management LLC grew its holdings in shares of Yext by 20.8% in the fourth quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock valued at $16,138,000 after purchasing an additional 437,500 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Yext in the fourth quarter valued at approximately $2,219,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Yext by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock valued at $9,346,000 after purchasing an additional 273,498 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on YEXT shares. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Wednesday, June 4th. Roth Mkm reiterated a "buy" rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. 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, 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.

Yext Price Performance

Shares of Yext stock traded down $0.27 during trading hours on Wednesday, hitting $8.39. The company had a trading volume of 1,230,882 shares, compared to its average volume of 880,913. The company's 50-day moving average is $6.70 and its two-hundred day moving average is $6.69. Yext, Inc. has a twelve month low of $4.69 and a twelve month high of $9.15. The company has a market cap of $1.04 billion, a P/E ratio of -55.90 and a beta of 0.99.

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.