Tower Research Capital LLC TRC cut its position in Yext Inc (NYSE:YEXT) by 53.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,840 shares of the company’s stock after selling 2,147 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Yext were worth $29,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Aperio Group LLC bought a new position in Yext in the 2nd quarter worth approximately $30,000. Parallel Advisors LLC bought a new stake in shares of Yext in the third quarter valued at approximately $47,000. Russell Investments Group Ltd. acquired a new stake in shares of Yext in the third quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Yext by 88.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,067 shares of the company’s stock worth $82,000 after acquiring an additional 1,908 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Yext during the second quarter worth $99,000. Institutional investors and hedge funds own 63.04% of the company’s stock.
YEXT opened at $14.26 on Friday. The stock’s 50 day simple moving average is $16.15 and its 200-day simple moving average is $18.18. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.61 billion, a PE ratio of -18.76 and a beta of 1.29. Yext Inc has a 1 year low of $12.83 and a 1 year high of $23.32.
Several equities analysts recently commented on YEXT shares. SunTrust Banks cut their target price on shares of Yext from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday. ValuEngine lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Oppenheimer dropped their price objective on shares of Yext from $26.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Yext from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Royal Bank of Canada reduced their target price on shares of Yext from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.56.
In other Yext news, CAO Darryl Bond sold 1,851 shares of Yext stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.94, for a total transaction of $31,355.94. Also, CTO Tom Christopher Dixon sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.66, for a total value of $88,300.00. In the last 90 days, insiders sold 754,988 shares of company stock valued at $14,679,202. Corporate insiders own 17.00% of the company’s stock.
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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