US Bancorp DE Has $161,000 Holdings in Yext, Inc. (NYSE:YEXT)

US Bancorp DE grew its holdings in shares of Yext, Inc. (NYSE:YEXT) by 331.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,294 shares of the company’s stock after acquiring an additional 17,894 shares during the quarter. US Bancorp DE’s holdings in Yext were worth $161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Yext by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock worth $733,000 after purchasing an additional 1,861 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Yext by 53.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock worth $5,537,000 after buying an additional 321,812 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Yext by 300.4% during the first quarter. EntryPoint Capital LLC now owns 24,447 shares of the company’s stock worth $147,000 after buying an additional 18,342 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after acquiring an additional 4,711 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Yext by 652.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock valued at $2,056,000 after acquiring an additional 295,658 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Stock Down 1.3 %

Shares of NYSE YEXT opened at $7.79 on Friday. The company has a market capitalization of $995.86 million, a PE ratio of -155.70 and a beta of 1.17. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.14. The firm has a fifty day simple moving average of $6.96 and a 200 day simple moving average of $5.83.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The company had revenue of $97.90 million for the quarter, compared to the consensus estimate of $98.15 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that Yext, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on YEXT. DA Davidson increased their target price on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, September 5th. Finally, Roth Mkm reissued a “buy” rating and set a $7.50 target price (down from $8.00) on shares of Yext in a report on Thursday, September 5th.

Insider Activity

In other news, Director Seth H. Waugh bought 32,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $6.65 per share, with a total value of $216,790.00. Following the transaction, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. This represents a 27.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.40% of the stock is currently owned by company insiders.

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.