Charles Schwab Investment Management Inc. Increases Position in Yext, Inc. (NYSE:YEXT)

Charles Schwab Investment Management Inc. lifted its holdings in Yext, Inc. (NYSE:YEXT) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192,819 shares of the company’s stock after purchasing an additional 47,983 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of Yext worth $8,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in shares of Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock valued at $143,000 after buying an additional 2,493 shares during the period. Harbor Capital Advisors Inc. grew its position in Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock worth $152,000 after acquiring an additional 3,384 shares during the period. Dynamic Advisor Solutions LLC grew its position 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 acquiring an additional 3,385 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Yext by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after buying an additional 4,711 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock valued at $500,000 after purchasing an additional 9,849 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Shares of YEXT opened at $7.06 on Wednesday. The stock has a fifty day moving average of $7.53 and a two-hundred day moving average of $6.16. The company has a market capitalization of $903.12 million, a PE ratio of -141.20 and a beta of 1.20. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75.

Analysts Set New Price Targets

A number of analysts have weighed in on YEXT shares. Roth Mkm restated a “buy” rating and issued a $10.50 price target (up from $7.50) on shares of Yext in a research note on Tuesday. DA Davidson boosted their price target on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Needham & Company LLC lifted their price objective on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday.

Insider Transactions at Yext

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $6.65 per share, with a total value of $216,790.00. Following the transaction, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.