Versor Investments LP Purchases New Shares in Yext, Inc. (NYSE:YEXT)

Versor Investments LP bought a new stake in shares of Yext, Inc. (NYSE:YEXT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 105,600 shares of the company’s stock, valued at approximately $672,000. Versor Investments LP owned 0.08% of Yext as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Yext during the 3rd quarter valued at $38,000. KBC Group NV bought a new stake in shares of Yext during the 4th quarter valued at $47,000. Quantinno Capital Management LP bought a new stake in shares of Yext during the 3rd quarter valued at $76,000. Entropy Technologies LP bought a new stake in shares of Yext during the 4th quarter valued at $86,000. Finally, Balboa Wealth Partners bought a new stake in shares of Yext during the 3rd quarter valued at $114,000. 70.98% of the stock is currently owned by institutional investors.

Yext Stock Up 7.2 %

Shares of YEXT stock opened at $6.83 on Friday. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75. The company has a market cap of $871.27 million, a P/E ratio of -45.51 and a beta of 1.26. The business has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $6.67.

Wall Street Analysts Forecast Growth

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

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.