29,300 Shares in Yext (NYSE:YEXT) Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new stake in shares of Yext (NYSE:YEXT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,300 shares of the company’s stock, valued at approximately $180,000.

Several other hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new position in Yext in the 4th quarter worth $64,000. Optas LLC purchased a new position in shares of Yext in the first quarter valued at about $71,000. Martingale Asset Management L P purchased a new position in shares of Yext in the fourth quarter valued at about $78,000. Ameriprise Financial Inc. bought a new position in shares of Yext in the fourth quarter worth about $119,000. Finally, Quantinno Capital Management LP grew its position in shares of Yext by 71.1% during the fourth quarter. Quantinno Capital Management LP now owns 18,676 shares of the company’s stock worth $119,000 after purchasing an additional 7,758 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Trading Up 3.6%

Shares of YEXT stock opened at $8.01 on Tuesday. The stock has a market capitalization of $979.81 million, a price-to-earnings ratio of -44.47 and a beta of 1.06. Yext has a 12-month low of $4.69 and a 12-month high of $9.15. The stock’s 50-day moving average price is $8.12 and its 200-day moving average price is $7.01.

Analyst Ratings Changes

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

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.