Circumference Group LLC Has $4.30 Million Holdings in Yext $YEXT

Key Points

• Circumference Group LLC has reduced its stake in Yext (NYSE:YEXT) by 13.6%, now holding approximately 697,800 shares, making it the company's 10th largest position.
• Yext's stock has recently been upgraded by some analysts, with price targets increased, as the company shows potential growth driven by generative AI.
• The current market cap of Yext is $1.12 billion, with shares trading around $9.17, reflecting a significant performance increase from its 52-week low of $4.73.

Circumference Group LLC lowered its position in shares of Yext (NYSE:YEXT - Free Report) by 13.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 697,800 shares of the company's stock after selling 110,000 shares during the quarter. Yext accounts for about 5.3% of Circumference Group LLC's investment portfolio, making the stock its 10th biggest holding. Circumference Group LLC owned about 0.56% of Yext worth $4,298,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of YEXT. Dimensional Fund Advisors LP grew its holdings in Yext by 22.9% during 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 during the period. MetLife Investment Management LLC grew its holdings in Yext by 10.7% during the fourth quarter. MetLife Investment Management LLC now owns 63,967 shares of the company's stock valued at $407,000 after purchasing an additional 6,193 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Yext by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,770 shares of the company's stock valued at $400,000 after purchasing an additional 8,431 shares during the period. Northern Trust Corp grew its holdings in Yext by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,053,874 shares of the company's stock valued at $6,703,000 after purchasing an additional 124,688 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Yext during the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YEXT. DA Davidson boosted their price objective on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a report on Thursday, June 5th. B. Riley upgraded shares of Yext from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.00 to $10.00 in a report on Wednesday, June 4th. Zacks Research lowered shares of Yext from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Finally, Wall Street Zen lowered shares of Yext from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Yext presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.44.

Yext Trading Down 2.0%

Yext stock traded down $0.18 during trading hours on Tuesday, reaching $8.63. 757,593 shares of the stock were exchanged, compared to its average volume of 864,482. The company has a market cap of $1.06 billion, a P/E ratio of -47.91 and a beta of 1.01. Yext has a twelve month low of $5.51 and a twelve month high of $9.20. The stock has a 50 day moving average of $8.42 and a two-hundred day moving average of $7.37.

About Yext

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.