Vanguard Group Inc. Sells 458,309 Shares of Yext $YEXT

Vanguard Group Inc. decreased its stake in shares of Yext (NYSE:YEXT) by 2.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,407,365 shares of the company’s stock after selling 458,309 shares during the period. Vanguard Group Inc. owned 12.37% of Yext worth $94,909,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in YEXT. New Age Alpha Advisors LLC bought a new stake in shares of Yext during the first quarter valued at about $43,000. Optas LLC purchased a new stake in Yext in the 1st quarter worth approximately $71,000. Quantinno Capital Management LP lifted its stake in Yext by 71.1% in the 4th 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. Ameriprise Financial Inc. purchased a new stake in Yext in the 4th quarter worth approximately $119,000. Finally, Allianz Asset Management GmbH purchased a new stake in Yext in the 1st quarter worth approximately $180,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YEXT. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Yext in a research note on Monday, August 18th. B. Riley upgraded shares of Yext from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $10.00 in a research note on Wednesday, June 4th. Finally, DA Davidson increased their target price on shares of Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.44.

Yext Price Performance

Shares of NYSE:YEXT opened at $8.9650 on Friday. The company’s fifty day moving average price is $8.25 and its 200-day moving average price is $7.17. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -49.80 and a beta of 1.06. Yext has a one year low of $4.73 and a one year high of $9.16.

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.