Swiss National Bank Trims Stock Position in Yext $YEXT

Swiss National Bank lowered its position in shares of Yext (NYSE:YEXT) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,100 shares of the company’s stock after selling 3,800 shares during the period. Swiss National Bank owned 0.17% of Yext worth $1,294,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Yext by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock valued at $2,029,000 after acquiring an additional 2,776 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Yext by 2.8% during the first quarter. Summit Trail Advisors LLC now owns 193,259 shares of the company’s stock valued at $1,190,000 after acquiring an additional 5,220 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Yext by 19.5% during the first quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company’s stock valued at $228,000 after acquiring an additional 6,039 shares in the last quarter. MetLife Investment Management LLC grew its stake in Yext by 10.7% during the fourth quarter. MetLife Investment Management LLC now owns 63,967 shares of the company’s stock valued at $407,000 after acquiring an additional 6,193 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Yext during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on YEXT shares. B. Riley upgraded shares of Yext from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. DA Davidson lifted their target price on shares of Yext from $7.50 to $8.25 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.44.

Yext Stock Performance

Shares of YEXT opened at $9.0450 on Tuesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -50.25 and a beta of 1.06. Yext has a fifty-two week low of $4.73 and a fifty-two week high of $9.16. The firm has a 50 day moving average price of $8.27 and a 200-day moving average price of $7.20.

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.