Cubist Systematic Strategies LLC Takes Position in Yext $YEXT

Cubist Systematic Strategies LLC acquired a new stake in Yext (NYSE:YEXT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 128,926 shares of the company’s stock, valued at approximately $794,000. Cubist Systematic Strategies LLC owned approximately 0.10% of Yext as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in YEXT. Pathstone Holdings LLC purchased a new stake in shares of Yext in the fourth quarter valued at $13,026,000. The Manufacturers Life Insurance Company lifted its position in shares of Yext by 13.3% in the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock valued at $32,181,000 after acquiring an additional 614,960 shares in the last quarter. Tenzing Global Management LLC lifted its position in Yext by 20.8% during the fourth 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 period. Tocqueville Asset Management L.P. purchased a new position in Yext during the first quarter worth about $2,064,000. Finally, King Luther Capital Management Corp lifted its position in Yext by 127.9% during the first quarter. King Luther Capital Management Corp now owns 497,917 shares of the company’s stock worth $3,067,000 after buying an additional 279,390 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Price Performance

Shares of NYSE:YEXT opened at $8.68 on Wednesday. The firm has a market capitalization of $1.06 billion, a PE ratio of -72.29 and a beta of 1.01. The business has a 50-day moving average of $8.43 and a two-hundred day moving average of $7.37. Yext has a 12 month low of $5.51 and a 12 month high of $9.20.

Analyst Upgrades and Downgrades

YEXT has been the topic of several recent analyst reports. Wall Street Zen downgraded Yext from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. DA Davidson increased their target price 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 upgraded 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 report on Wednesday, June 4th. Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.44.

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.