Quantinno Capital Management LP Invests $76,000 in Yext, Inc. (NYSE:YEXT)

Quantinno Capital Management LP bought a new stake in Yext, Inc. (NYSE:YEXT) during the third quarter, Holdings Channel reports. The institutional investor bought 10,918 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds also recently bought and sold shares of YEXT. SG Americas Securities LLC grew its position in Yext by 739.1% in the second quarter. SG Americas Securities LLC now owns 98,239 shares of the company’s stock worth $526,000 after acquiring an additional 86,531 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Yext by 11.8% during the 2nd quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock worth $500,000 after purchasing an additional 9,849 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Yext by 208.7% during the second quarter. Los Angeles Capital Management LLC now owns 230,713 shares of the company’s stock worth $1,234,000 after buying an additional 155,977 shares during the last quarter. Federated Hermes Inc. grew its position in Yext by 86.6% in the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after purchasing an additional 1,275,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Yext by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company’s stock valued at $1,601,000 after buying an additional 10,040 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Trading Up 1.0 %

NYSE YEXT opened at $6.49 on Wednesday. The firm has a market cap of $827.62 million, a price-to-earnings ratio of -43.27 and a beta of 1.20. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a 50 day moving average of $7.53 and a 200-day moving average of $6.20.

Insiders Place Their Bets

In related news, Director Seth H. Waugh acquired 32,600 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on YEXT shares. Needham & Company LLC lifted their target price on Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Roth Mkm restated a “buy” rating and issued a $10.50 price objective (up previously from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Finally, DA Davidson lifted their target price 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.

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.