Aigen Investment Management LP Makes New Investment in Yext, Inc. (NYSE:YEXT)

Aigen Investment Management LP bought a new position in Yext, Inc. (NYSE:YEXT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,892 shares of the company’s stock, valued at approximately $158,000.

Other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Yext in the 3rd quarter valued at about $317,000. Harbor Capital Advisors Inc. raised its holdings in shares of Yext by 18.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after acquiring an additional 3,384 shares in the last quarter. US Bancorp DE raised its holdings in shares of Yext by 331.4% in the 3rd quarter. US Bancorp DE now owns 23,294 shares of the company’s stock valued at $161,000 after acquiring an additional 17,894 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in shares of Yext by 103.0% in the 3rd quarter. Smith Group Asset Management LLC now owns 81,297 shares of the company’s stock valued at $563,000 after acquiring an additional 41,241 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of Yext by 410.4% in the 2nd quarter. Algert Global LLC now owns 317,046 shares of the company’s stock valued at $1,696,000 after acquiring an additional 254,924 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Price Performance

YEXT opened at $7.78 on Monday. The stock’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $5.84. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.14. The firm has a market cap of $995.23 million, a price-to-earnings ratio of -155.60 and a beta of 1.17.

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

Insider Transactions at Yext

In other news, Director Seth H. Waugh purchased 32,600 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the transaction, the director now directly owns 153,350 shares of the company’s stock, valued at $1,019,777.50. This trade represents a 27.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.