American Century Companies Inc. Buys 79,818 Shares of Yext $YEXT

Key Points

• American Century Companies Inc. significantly increased its stake in Yext by 95.0%, acquiring a total of 163,867 shares valued at approximately $1,009,000.
• Yext's stock price is currently at $9.17 with a market cap of $1.12 billion and a recent stock performance increase of 2.2%.
• Analysts have mixed views on Yext, with recent downgrades and upgrades resulting in a consensus price target of $9.44 and an average rating of "Moderate Buy."

American Century Companies Inc. increased its position in Yext (NYSE:YEXT - Free Report) by 95.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,867 shares of the company's stock after buying an additional 79,818 shares during the quarter. American Century Companies Inc. owned about 0.13% of Yext worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in Yext in the 1st quarter worth approximately $43,000. Optas LLC bought a new stake in shares of Yext in the 1st quarter valued at $71,000. Entropy Technologies LP raised its stake in shares of Yext by 24.3% during the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock worth $104,000 after purchasing an additional 3,298 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of 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 buying an additional 7,758 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Yext in the 4th quarter valued at $119,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YEXT has been the topic of a number of research reports. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen downgraded Yext from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. DA Davidson boosted their price objective 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 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 research report on Wednesday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.44.

Yext Stock Down 0.7%

NYSE:YEXT traded down $0.07 during trading hours on Monday, reaching $8.89. 714,110 shares of the company's stock were exchanged, compared to its average volume of 859,010. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -49.30 and a beta of 1.01. Yext has a 1-year low of $5.51 and a 1-year high of $9.20. The company has a 50-day moving average of $8.41 and a 200 day moving average of $7.35.

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.