Yext, Inc. (NYSE:YEXT) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Yext, Inc. (NYSE:YEXT) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,384,867 shares of the company’s stock after purchasing an additional 38,305 shares during the period. Geode Capital Management LLC’s holdings in Yext were worth $16,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zacks Investment Management increased its holdings in shares of Yext by 370.2% during the 3rd quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after acquiring an additional 297,938 shares during the last quarter. Lynrock Lake LP grew its holdings in Yext by 23.8% during the second 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 last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Yext by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after buying an additional 526,043 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after buying an additional 1,275,348 shares during the period. Finally, King Luther Capital Management Corp acquired a new position in Yext during the 2nd quarter worth $936,000. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on YEXT shares. Roth Mkm reissued a “buy” rating and set a $10.50 price objective (up previously from $7.50) on shares of Yext in a research report on Tuesday, December 10th. DA Davidson increased their price objective on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC boosted their target price on shares of Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Yext Trading Down 1.9 %

NYSE YEXT opened at $6.33 on Monday. The stock’s 50 day moving average is $7.44 and its two-hundred day moving average is $6.29. The company has a market capitalization of $807.84 million, a price-to-earnings ratio of -42.20 and a beta of 1.20. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75.

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.