Intech Investment Management LLC Invests $145,000 in Yext, Inc. (NYSE:YEXT)

Intech Investment Management LLC purchased a new position in Yext, Inc. (NYSE:YEXT) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 21,010 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors and hedge funds also recently modified their holdings of YEXT. Mackenzie Financial Corp boosted its stake in Yext by 10.3% during the second 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 in the last quarter. Harbor Capital Advisors Inc. boosted its stake in 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 buying an additional 3,384 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after buying an additional 3,385 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Yext by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after buying an additional 4,711 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Yext by 11.8% during the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock valued at $500,000 after buying an additional 9,849 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Seth H. Waugh purchased 32,600 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $6.65 per share, with a total value of $216,790.00. Following the purchase, the director now directly owns 153,350 shares of the company’s stock, 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 the SEC website. Company insiders own 8.40% of the company’s stock.

Yext Trading Up 0.7 %

Shares of Yext stock opened at $8.51 on Friday. The stock has a 50-day moving average price of $7.49 and a 200 day moving average price of $6.12. The company has a market cap of $1.09 billion, a P/E ratio of -170.20 and a beta of 1.20. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.60.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm 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 business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. On average, equities analysts forecast that Yext, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

YEXT has been the subject of several analyst reports. DA Davidson upped their target price on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Thursday, September 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $7.50 target price (down from $8.00) on shares of Yext in a report on Thursday, September 5th.

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.