XTX Topco Ltd Grows Stock Position in Yext (NYSE:YEXT)

XTX Topco Ltd increased its position in shares of Yext (NYSE:YEXT - Free Report) by 74.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,787 shares of the company's stock after purchasing an additional 50,577 shares during the period. XTX Topco Ltd owned 0.10% of Yext worth $732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YEXT. JPMorgan Chase & Co. boosted its stake in shares of Yext by 39.1% in the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock valued at $4,558,000 after purchasing an additional 201,472 shares during the period. Bank of America Corp DE lifted its position in shares of Yext by 10.0% during the 4th quarter. Bank of America Corp DE now owns 632,650 shares of the company's stock worth $4,024,000 after buying an additional 57,442 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Yext by 88.2% during the 1st quarter. Victory Capital Management Inc. now owns 129,163 shares of the company's stock worth $796,000 after buying an additional 60,544 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Yext by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 58,968 shares of the company's stock valued at $375,000 after acquiring an additional 18,642 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Yext by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company's stock valued at $9,346,000 after acquiring an additional 273,498 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on YEXT. B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.00 to $10.00 in a report on Wednesday, June 4th. DA Davidson lifted their price objective on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Yext in a research report on Wednesday, June 4th.

Yext Price Performance

Shares of NYSE YEXT traded down $0.02 during trading on Friday, hitting $7.91. 251,606 shares of the company were exchanged, compared to its average volume of 810,427. The company has a market cap of $967.57 million, a price-to-earnings ratio of -43.91 and a beta of 1.06. Yext has a 1 year low of $4.69 and a 1 year high of $9.15. The firm's fifty day moving average price is $8.20 and its 200 day moving average price is $7.04.

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.