Verition Fund Management LLC Invests $289,000 in Yext, Inc. (NYSE:YEXT)

Verition Fund Management LLC bought a new stake in Yext, Inc. (NYSE:YEXT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,795 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Yext during the second quarter worth about $62,000. Balboa Wealth Partners purchased a new stake in shares of Yext during the third quarter worth about $114,000. Dark Forest Capital Management LP acquired a new position in shares of Yext during the second quarter valued at approximately $125,000. Mackenzie Financial Corp lifted its holdings in Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock valued at $143,000 after purchasing an additional 2,493 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Yext in the third quarter worth about $145,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Stock Down 3.1 %

NYSE YEXT opened at $6.50 on Friday. Yext, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The firm has a 50 day moving average of $7.53 and a two-hundred day moving average of $6.18. The stock has a market capitalization of $829.53 million, a PE ratio of -43.33 and a beta of 1.20.

Insider Buying and Selling

In other news, Director Seth H. Waugh acquired 32,600 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 27.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

YEXT has been the topic of a number of recent research reports. Needham & Company LLC boosted their price objective on Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. DA Davidson increased their price objective on shares of Yext from $5.75 to $7.50 and gave the stock 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 research report on Tuesday, December 10th.

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.