US Bancorp DE Buys 17,894 Shares of Yext, Inc. (NYSE:YEXT)

US Bancorp DE increased its stake in shares of Yext, Inc. (NYSE:YEXT) by 331.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,294 shares of the company’s stock after acquiring an additional 17,894 shares during the quarter. US Bancorp DE’s holdings in Yext were worth $161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lynrock Lake LP boosted its stake in shares of Yext by 23.8% in the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after buying an additional 1,591,791 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Yext by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after purchasing an additional 526,043 shares during the last quarter. Federated Hermes Inc. grew its stake in Yext by 86.6% in the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock valued at $14,704,000 after purchasing an additional 1,275,348 shares during the period. Invenomic Capital Management LP increased its position in shares of Yext by 67.0% during the 1st quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock valued at $9,069,000 after purchasing an additional 603,598 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Yext by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company’s stock worth $6,430,000 after purchasing an additional 22,989 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on YEXT. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, September 5th. Roth Mkm reissued a “buy” rating and set a $7.50 target price (down from $8.00) on shares of Yext in a research report on Thursday, September 5th. Finally, DA Davidson raised their price target on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Yext Stock Performance

YEXT stock opened at $7.79 on Friday. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.14. The stock has a fifty day moving average of $6.96 and a 200-day moving average of $5.83. The company has a market capitalization of $995.86 million, a price-to-earnings ratio of -155.70 and a beta of 1.17.

Yext (NYSE:YEXT) last issued its earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The firm had revenue of $97.90 million during the quarter, compared to analyst estimates of $98.15 million. During the same quarter last year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts predict that Yext, Inc. will post 0.08 EPS for the current year.

Insider Activity at Yext

In other news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the purchase, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is owned by company insiders.

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.