AlphaQuest LLC Grows Stock Position in Yext $YEXT

AlphaQuest LLC raised its stake in shares of Yext (NYSE:YEXT) by 17.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 63,463 shares of the company’s stock after buying an additional 9,514 shares during the period. AlphaQuest LLC’s holdings in Yext were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of YEXT. Wells Fargo & Company MN raised its stake in shares of Yext by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 58,968 shares of the company’s stock valued at $375,000 after buying an additional 18,642 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Yext during the 4th quarter valued at about $2,219,000. Barclays PLC raised its stake in shares of Yext by 4.2% during the 4th quarter. Barclays PLC now owns 248,331 shares of the company’s stock valued at $1,580,000 after buying an additional 9,970 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Yext by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,605 shares of the company’s stock valued at $9,346,000 after buying an additional 273,498 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Yext by 10.7% during the 4th quarter. MetLife Investment Management LLC now owns 63,967 shares of the company’s stock valued at $407,000 after buying an additional 6,193 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Trading Up 1.4%

YEXT stock opened at $9.13 on Thursday. Yext has a 12-month low of $4.73 and a 12-month high of $9.16. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -50.69 and a beta of 1.06. The business’s 50-day moving average is $8.30 and its 200 day moving average is $7.22.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. B. Riley upgraded Yext from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $10.00 in a research note on Wednesday, June 4th. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Yext in a research report on Monday, August 18th. Finally, DA Davidson raised their target price on Yext from $7.50 to $8.25 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Yext has a consensus rating of “Moderate Buy” and an average target price of $9.44.

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.