New Age Alpha Advisors LLC Purchases New Position in Yext (NYSE:YEXT)

New Age Alpha Advisors LLC 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 and Exchange Commission (SEC). The firm purchased 7,041 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Yext during the fourth quarter valued at approximately $64,000. Optas LLC bought a new stake in shares of Yext during the first quarter valued at approximately $71,000. Martingale Asset Management L P bought a new stake in shares of Yext during the fourth quarter valued at approximately $78,000. Ameriprise Financial Inc. bought a new stake in shares of Yext during the fourth quarter valued at approximately $119,000. Finally, Quantinno Capital Management LP increased 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 valued at $119,000 after acquiring an additional 7,758 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on YEXT. B. Riley upgraded shares of Yext from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.00 to $10.00 in a report on Wednesday, June 4th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Yext in a report on Wednesday, June 4th. Finally, DA Davidson raised 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 Trading Down 1.3%

Shares of YEXT stock opened at $7.74 on Tuesday. Yext has a 12-month low of $4.69 and a 12-month high of $9.15. The firm’s 50 day moving average is $8.24 and its 200 day moving average is $7.07. The stock has a market capitalization of $946.76 million, a P/E ratio of -42.97 and a beta of 1.06.

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.