Federated Hermes Inc. Has $14.70 Million Stake in Yext, Inc. (NYSE:YEXT)

Federated Hermes Inc. grew its holdings in Yext, Inc. (NYSE:YEXT) by 86.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,748,420 shares of the company’s stock after purchasing an additional 1,275,348 shares during the quarter. Federated Hermes Inc. owned about 2.18% of Yext worth $14,704,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC boosted its stake in Yext by 208.7% in the second quarter. Los Angeles Capital Management LLC now owns 230,713 shares of the company’s stock worth $1,234,000 after purchasing an additional 155,977 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock worth $500,000 after purchasing an additional 9,849 shares in the last quarter. Gladius Capital Management LP acquired a new position in Yext in the second quarter worth $145,000. Dynamic Advisor Solutions LLC boosted its stake in Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after purchasing an additional 3,385 shares in the last quarter. Finally, Williams & Novak LLC acquired a new position in Yext in the second quarter worth $56,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Yext

In related news, General Counsel Ho Shin sold 35,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $5.04, for a total value of $176,400.00. Following the completion of the sale, the general counsel now owns 125,207 shares in the company, valued at $631,043.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on YEXT shares. DA Davidson boosted their price objective on Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, September 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $7.50 price target (down previously from $8.00) on shares of Yext in a research note on Thursday, September 5th.

Yext Stock Down 0.8 %

Shares of YEXT opened at $6.50 on Tuesday. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $7.53. The firm has a market capitalization of $831.48 million, a PE ratio of -130.00 and a beta of 1.17. The stock’s fifty day simple moving average is $5.36 and its 200-day simple moving average is $5.45.

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

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.