Franklin Resources Inc. Has $737,000 Stake in Yext, Inc. (NYSE:YEXT)

Franklin Resources Inc. cut its position in shares of Yext, Inc. (NYSE:YEXT) by 56.7% in the third quarter, Holdings Channel reports. The institutional investor owned 106,476 shares of the company’s stock after selling 139,415 shares during the period. Franklin Resources Inc.’s holdings in Yext were worth $737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Yext during the 3rd quarter worth about $38,000. Canada Pension Plan Investment Board bought a new stake in Yext during the second quarter worth about $62,000. Quantinno Capital Management LP acquired a new position in Yext during the third quarter valued at approximately $76,000. Balboa Wealth Partners acquired a new position in Yext during the third quarter valued at approximately $114,000. Finally, Dark Forest Capital Management LP bought a new position in Yext in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on YEXT. Needham & Company LLC raised their target price on shares of Yext from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.50 target price (up from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Trading Down 1.9 %

YEXT opened at $6.33 on Monday. The stock’s fifty day simple moving average is $7.44 and its 200 day simple moving average is $6.29. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The stock has a market cap of $807.84 million, a PE ratio of -42.20 and a beta of 1.20.

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.