Y Intercept Hong Kong Ltd Makes New $738,000 Investment in Yext, Inc. (NYSE:YEXT)

Y Intercept Hong Kong Ltd bought a new position in Yext, Inc. (NYSE:YEXT) in the 4th quarter, HoldingsChannel.com reports. The fund bought 116,023 shares of the company’s stock, valued at approximately $738,000.

Several other hedge funds and other institutional investors have also bought and sold shares of YEXT. US Bancorp DE boosted its stake in Yext by 331.4% in the third quarter. US Bancorp DE now owns 23,294 shares of the company’s stock worth $161,000 after buying an additional 17,894 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Yext by 18.2% during the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after purchasing an additional 3,384 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Yext during the third quarter valued at approximately $317,000. Aigen Investment Management LP purchased a new stake in shares of Yext during the third quarter valued at approximately $158,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Yext by 38.3% during the third quarter. Victory Capital Management Inc. now owns 69,120 shares of the company’s stock valued at $478,000 after purchasing an additional 19,152 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Up 7.2 %

Shares of Yext stock opened at $6.83 on Friday. The company has a market cap of $871.27 million, a PE ratio of -45.51 and a beta of 1.26. The business has a 50 day moving average of $6.50 and a 200 day moving average of $6.67. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75.

Analyst Ratings Changes

A number of research firms have recently weighed in on YEXT. Roth Mkm reissued a “buy” rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Yext in a research note on Wednesday, February 12th. Finally, DA Davidson upped their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

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.