UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.63 Million Position in Yext, Inc. (NYSE:YEXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Yext, Inc. (NYSE:YEXT) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,910 shares of the company’s stock after selling 31,048 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Yext worth $1,632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in YEXT. FMR LLC lifted its holdings in Yext by 34.7% during the 3rd quarter. FMR LLC now owns 552,218 shares of the company’s stock valued at $3,821,000 after purchasing an additional 142,149 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Yext by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock worth $8,254,000 after buying an additional 47,983 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Yext in the third quarter valued at approximately $145,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Yext by 4.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 662,345 shares of the company’s stock worth $4,583,000 after acquiring an additional 28,905 shares in the last quarter. Finally, Gladius Capital Management LP boosted its holdings in shares of Yext by 149.6% in the 3rd quarter. Gladius Capital Management LP now owns 67,654 shares of the company’s stock worth $468,000 after acquiring an additional 40,553 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

NYSE YEXT opened at $6.42 on Tuesday. The stock has a market capitalization of $819.32 million, a P/E ratio of -42.80 and a beta of 1.20. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The stock has a fifty day moving average of $7.53 and a 200-day moving average of $6.20.

Insider Activity at Yext

In other news, Director Seth H. Waugh acquired 32,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.40% of the stock is owned by company insiders.

Analyst Ratings Changes

YEXT has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Roth Mkm restated a “buy” rating and issued a $10.50 target price (up from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Finally, DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

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.