Yext (NYSE:YEXT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in Yext (NYSE:YEXT) by 19.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,026 shares of the company’s stock after acquiring an additional 6,039 shares during the quarter. Teacher Retirement System of Texas’ holdings in Yext were worth $228,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Summit Trail Advisors LLC raised its stake in shares of Yext by 2.8% during the 1st quarter. Summit Trail Advisors LLC now owns 193,259 shares of the company’s stock worth $1,190,000 after buying an additional 5,220 shares during the last quarter. Optas LLC acquired a new position in shares of Yext during the 1st quarter worth $71,000. Rhumbline Advisers raised its stake in shares of Yext by 4.7% during the 1st quarter. Rhumbline Advisers now owns 155,596 shares of the company’s stock worth $958,000 after buying an additional 7,047 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Yext by 26.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,405 shares of the company’s stock worth $1,891,000 after buying an additional 61,495 shares during the last quarter. Finally, Tenzing Global Management LLC raised its stake in shares of Yext by 20.8% during the 4th quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company’s stock worth $16,138,000 after buying an additional 437,500 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Price Performance

YEXT opened at $8.18 on Friday. The business has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $6.87. The company has a market capitalization of $1.00 billion, a PE ratio of -45.44 and a beta of 1.05. Yext has a 1 year low of $4.69 and a 1 year high of $9.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. DA Davidson boosted their price target on Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. B. Riley raised Yext from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Wednesday, June 4th.

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.