391,410 Shares in Yext $YEXT Bought by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new stake in Yext (NYSE:YEXT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 391,410 shares of the company’s stock, valued at approximately $1,503,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New York State Teachers Retirement System lifted its stake in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after acquiring an additional 2,784 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Yext during the first quarter worth about $38,000. Able Wealth Management LLC acquired a new stake in shares of Yext in the 1st quarter worth about $48,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Yext in the 1st quarter worth about $49,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on YEXT. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded Yext from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Yext presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Insider Transactions at Yext

In other news, Director Daniel J. Englander acquired 76,190 shares of Yext stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the transaction, the director owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This trade represents a 117.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Seth H. Waugh acquired 133,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the purchase, the director owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 7.80% of the company’s stock.

Yext Stock Performance

Shares of YEXT stock opened at $5.75 on Friday. The firm has a 50-day moving average of $4.77 and a 200-day moving average of $4.80. The company has a market cap of $575.92 million, a P/E ratio of 82.07 and a beta of 1.13. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. Yext has a one year low of $3.27 and a one year high of $9.20.

About Yext

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.