Rhumbline Advisers Increases Stake in Yext (NYSE:YEXT)

Rhumbline Advisers grew its stake in shares of Yext (NYSE:YEXT) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,596 shares of the company’s stock after purchasing an additional 7,047 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Yext worth $958,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in YEXT. O Shaughnessy Asset Management LLC purchased a new position in shares of Yext in the fourth quarter worth $64,000. EntryPoint Capital LLC bought a new stake in Yext in the 4th quarter worth $67,000. Virtu Financial LLC purchased a new position in shares of Yext in the fourth quarter valued at about $67,000. Martingale Asset Management L P purchased a new position in shares of Yext in the fourth quarter valued at about $78,000. Finally, Inceptionr LLC bought a new position in shares of Yext during the fourth quarter valued at about $85,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Trading Down 1.9%

NYSE:YEXT opened at $8.08 on Friday. The company has a 50-day moving average price of $6.99 and a 200-day moving average price of $6.68. The stock has a market cap of $988.38 million, a price-to-earnings ratio of -44.86 and a beta of 0.99. Yext has a 12 month low of $4.69 and a 12 month high of $9.15.

Wall Street Analyst Weigh In

YEXT has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Yext in a research note on Wednesday, June 4th. DA Davidson increased their price objective on Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Roth Mkm reiterated a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Finally, B. Riley raised Yext from a “neutral” rating to a “buy” rating and boosted their target price for the company from $7.00 to $10.00 in a research note on Wednesday, June 4th.

About Yext

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.