Los Angeles Capital Management LLC Buys 155,977 Shares of Yext, Inc. (NYSE:YEXT)

Los Angeles Capital Management LLC grew its stake in shares of Yext, Inc. (NYSE:YEXT) by 208.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,713 shares of the company’s stock after acquiring an additional 155,977 shares during the period. Los Angeles Capital Management LLC owned 0.18% of Yext worth $1,234,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Yext by 20.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,108,423 shares of the company’s stock worth $6,529,000 after purchasing an additional 186,838 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Yext by 5.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock worth $19,870,000 after buying an additional 176,063 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Yext by 652.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock valued at $2,056,000 after acquiring an additional 295,658 shares during the period. Circumference Group LLC acquired a new position in shares of Yext in the fourth quarter valued at about $2,503,000. Finally, BNP Paribas Financial Markets increased its position in Yext by 56.1% during the fourth quarter. BNP Paribas Financial Markets now owns 217,266 shares of the company’s stock worth $1,280,000 after acquiring an additional 78,040 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Yext news, General Counsel Ho Shin sold 35,000 shares of Yext stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $5.04, for a total value of $176,400.00. Following the transaction, the general counsel now owns 125,207 shares in the company, valued at $631,043.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.40% of the stock is owned by corporate insiders.

Yext Trading Up 1.1 %

Shares of NYSE:YEXT opened at $6.47 on Thursday. The firm has a 50 day moving average of $5.31 and a 200-day moving average of $5.45. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $7.53. The stock has a market capitalization of $827.64 million, a PE ratio of -129.40 and a beta of 1.17.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $97.90 million during the quarter, compared to the consensus estimate of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. On average, research analysts predict that Yext, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on YEXT. DA Davidson increased their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Roth Mkm reissued a “buy” rating and set a $7.50 price target (down previously from $8.00) on shares of Yext in a research report on Thursday, September 5th. Finally, Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, September 5th.

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.