Renaissance Technologies LLC Has $1.23 Million Stake in Yext, Inc. (NYSE:YEXT)

Renaissance Technologies LLC boosted its position in shares of Yext, Inc. (NYSE:YEXT) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,600 shares of the company’s stock after purchasing an additional 23,400 shares during the period. Renaissance Technologies LLC owned 0.18% of Yext worth $1,234,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in shares of Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after purchasing an additional 1,275,348 shares during the last quarter. Invenomic Capital Management LP boosted its position in Yext by 67.0% in the 1st quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock valued at $9,069,000 after buying an additional 603,598 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Yext by 53.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock valued at $5,537,000 after purchasing an additional 321,812 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Yext by 652.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock valued at $2,056,000 after purchasing an additional 295,658 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of 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 acquiring an additional 176,063 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Stock Up 3.1 %

NYSE YEXT opened at $6.72 on Friday. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $7.53. The firm has a market cap of $847.65 million, a price-to-earnings ratio of -134.40 and a beta of 1.19. The company has a 50-day simple moving average of $5.74 and a two-hundred day simple moving average of $5.53.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $97.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. Equities analysts expect that Yext, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the transaction, the director now owns 153,350 shares in the company, valued at $1,019,777.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by corporate insiders.

About Yext

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.