GSA Capital Partners LLP Takes $317,000 Position in Yext, Inc. (NYSE:YEXT)

GSA Capital Partners LLP acquired a new stake in shares of Yext, Inc. (NYSE:YEXT) in the third quarter, Holdings Channel.com reports. The fund acquired 45,826 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Yext by 18.2% during the 3rd 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. US Bancorp DE raised its stake in Yext by 331.4% during the 3rd quarter. US Bancorp DE now owns 23,294 shares of the company’s stock valued at $161,000 after purchasing an additional 17,894 shares during the period. Smith Group Asset Management LLC raised its stake in Yext by 103.0% during the 3rd quarter. Smith Group Asset Management LLC now owns 81,297 shares of the company’s stock valued at $563,000 after purchasing an additional 41,241 shares during the period. Algert Global LLC raised its stake in Yext by 410.4% during the 2nd quarter. Algert Global LLC now owns 317,046 shares of the company’s stock valued at $1,696,000 after purchasing an additional 254,924 shares during the period. Finally, Lynrock Lake LP raised its stake in Yext by 23.8% during the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock valued at $44,231,000 after purchasing an additional 1,591,791 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. 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 note on Thursday, September 5th. Roth Mkm reaffirmed a “buy” rating and issued a $7.50 price target (down from $8.00) on shares of Yext in a research note on Thursday, September 5th. Finally, DA Davidson upped their price target on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Insider Activity at Yext

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the purchase, the director now owns 153,350 shares in the company, valued at $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.40% of the stock is currently owned by company insiders.

Yext Stock Up 5.7 %

Shares of YEXT opened at $8.41 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -168.20 and a beta of 1.17. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.41. The company has a 50-day moving average price of $7.07 and a two-hundred day moving average price of $5.90.

Yext (NYSE:YEXT) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share. Equities research analysts expect that Yext, Inc. will post 0.08 EPS for the current fiscal year.

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.