116,023 Shares in Yext, Inc. (NYSE:YEXT) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Yext, Inc. (NYSE:YEXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 116,023 shares of the company’s stock, valued at approximately $738,000. Y Intercept Hong Kong Ltd owned about 0.09% of Yext as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Yext in the 3rd quarter worth about $38,000. KBC Group NV purchased a new position in Yext during the 4th quarter valued at about $47,000. Quantinno Capital Management LP purchased a new position in Yext during the 3rd quarter valued at about $76,000. Entropy Technologies LP purchased a new position in Yext during the 4th quarter valued at about $86,000. Finally, Balboa Wealth Partners purchased a new position in Yext during the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Trading Up 7.2 %

Shares of NYSE YEXT opened at $6.83 on Friday. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75. The firm has a market capitalization of $871.27 million, a price-to-earnings ratio of -45.51 and a beta of 1.26. The business has a 50-day moving average of $6.50 and a 200-day moving average of $6.67.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on YEXT shares. DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a report on Wednesday, February 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday.

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.