Victory Capital Management Inc. Has $796,000 Holdings in Yext (NYSE:YEXT)

Victory Capital Management Inc. lifted its stake in shares of Yext (NYSE:YEXT - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 129,163 shares of the company's stock after buying an additional 60,544 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Yext worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of YEXT. O Shaughnessy Asset Management LLC acquired a new stake in Yext in the 4th quarter valued at $64,000. Optas LLC bought a new position in shares of Yext in the first quarter valued at approximately $71,000. Martingale Asset Management L P bought a new position in shares of Yext in the fourth quarter valued at approximately $78,000. Quantinno Capital Management LP boosted its position 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 valued at $119,000 after buying an additional 7,758 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Yext during the fourth quarter worth $119,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YEXT shares. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and raised their price objective for the company from $7.00 to $10.00 in a research note on Wednesday, June 4th. DA Davidson increased their target price on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a research report on Wednesday, June 4th.

Yext Trading Down 4.4%

Shares of YEXT opened at $7.76 on Friday. The stock has a 50 day moving average of $8.09 and a 200 day moving average of $6.99. The company has a market capitalization of $949.82 million, a price-to-earnings ratio of -43.11 and a beta of 1.06. Yext has a 12 month low of $4.69 and a 12 month high of $9.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.