Los Angeles Capital Management LLC Reduces Stock Position in Yext, Inc. (NYSE:YEXT)

Los Angeles Capital Management LLC lowered its stake in Yext, Inc. (NYSE:YEXT) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,736 shares of the company’s stock after selling 26,087 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Yext worth $451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Yext by 20.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,108,423 shares of the company’s stock worth $6,529,000 after purchasing an additional 186,838 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Yext by 5.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock worth $19,870,000 after purchasing an additional 176,063 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Yext by 43.4% in the third quarter. Qube Research & Technologies Ltd now owns 882,637 shares of the company’s stock worth $5,587,000 after purchasing an additional 267,031 shares during the last quarter. Circumference Group LLC purchased a new stake in Yext in the fourth quarter worth approximately $2,503,000. Finally, BNP Paribas Financial Markets boosted its holdings in Yext by 56.1% in the fourth quarter. BNP Paribas Financial Markets now owns 217,266 shares of the company’s stock worth $1,280,000 after purchasing an additional 78,040 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Price Performance

Shares of YEXT stock opened at $4.82 on Wednesday. The company has a market capitalization of $607.99 million, a price-to-earnings ratio of -96.40 and a beta of 1.22. Yext, Inc. has a one year low of $4.29 and a one year high of $11.66. The company’s fifty day moving average price is $5.29 and its 200-day moving average price is $5.67.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Yext in a research note on Monday, June 10th. Roth Mkm reiterated a “buy” rating and set a $8.00 price target on shares of Yext in a research note on Tuesday, June 11th. DA Davidson dropped their price target on shares of Yext from $7.25 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 11th. Finally, B. Riley dropped their price target on shares of Yext from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.50.

Insider Activity

In other news, General Counsel Ho Shin sold 35,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $5.04, for a total transaction of $176,400.00. Following the sale, the general counsel now directly owns 125,207 shares in the company, valued at approximately $631,043.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.40% of the company’s stock.

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.