The Manufacturers Life Insurance Company Acquires 614,960 Shares of Yext $YEXT

Key Points

• The Manufacturers Life Insurance Company increased its stake in Yext by 13.3%, acquiring an additional 614,960 shares, bringing its total ownership to approximately 5,224,194 shares, valued at $32.18 million.
• Approximately 70.98% of Yext stock is owned by institutional investors and hedge funds, highlighting significant investor interest in the company.
• Yext shares recently opened at $9.10, with a market capitalization of $1.11 billion and an average target price among analysts of $9.44.

The Manufacturers Life Insurance Company increased its holdings in Yext (NYSE:YEXT - Free Report) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,224,194 shares of the company's stock after acquiring an additional 614,960 shares during the period. The Manufacturers Life Insurance Company owned about 4.19% of Yext worth $32,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of YEXT. Tenzing Global Management LLC raised its position in Yext by 20.8% in the 4th quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock valued at $16,138,000 after buying an additional 437,500 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in shares of Yext in the fourth quarter valued at about $13,026,000. Dimensional Fund Advisors LP raised 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 during the last quarter. Northern Trust Corp lifted its position in shares of 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Yext by 21.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company's stock valued at $6,370,000 after buying an additional 185,116 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YEXT has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Yext in a report on Monday, August 18th. 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. B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $9.44.

Yext Stock Down 1.1%

NYSE:YEXT traded down $0.10 during mid-day trading on Thursday, hitting $9.06. 838,621 shares of the stock traded hands, compared to its average volume of 1,130,202. Yext has a 12-month low of $5.25 and a 12-month high of $9.20. The company has a market cap of $1.11 billion, a PE ratio of -50.34 and a beta of 1.01. The business's 50-day moving average price is $8.41 and its 200 day moving average price is $7.32.

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.