UBS Group AG cut its position in shares of Yext (NYSE:YEXT – Free Report) by 28.0% during the 4th quarter, Holdings Channel reports. The firm owned 479,214 shares of the company’s stock after selling 186,049 shares during the quarter. UBS Group AG’s holdings in Yext were worth $3,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Yext by 1.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after buying an additional 4,802 shares during the last quarter. Millennium Management LLC acquired a new position in Yext in the 1st quarter valued at about $3,964,000. Creative Planning acquired a new position in Yext in the 2nd quarter valued at about $109,000. Rhumbline Advisers grew its stake in Yext by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after buying an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Yext by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 222,726 shares of the company’s stock valued at $1,893,000 after buying an additional 58,859 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Yext Stock Performance
NYSE YEXT opened at $3.69 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $368.91 million, a P/E ratio of 61.43 and a beta of 1.14. Yext has a 12-month low of $3.29 and a 12-month high of $9.20. The firm has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $6.19.
Analyst Upgrades and Downgrades
YEXT has been the topic of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. B. Riley Financial decreased their price target on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and decreased their price target for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Yext presently has a consensus rating of “Hold” and an average target price of $7.50.
Read Our Latest Stock Report on Yext
Insider Transactions at Yext
In other Yext news, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the sale, the chief accounting officer owned 7,848 shares of the company’s stock, valued at $28,409.76. The trade was a 56.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.20% of the stock is owned by corporate insiders.
Yext Company Profile
Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.
The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.
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