Quantinno Capital Management LP Increases Stock Position in Yext $YEXT

Quantinno Capital Management LP increased its stake in shares of Yext (NYSE:YEXT) by 173.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 210,094 shares of the company’s stock after purchasing an additional 133,347 shares during the period. Quantinno Capital Management LP owned approximately 0.21% of Yext worth $807,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in 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 purchasing an additional 9,253 shares during the period. Clearstead Advisors LLC boosted 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 buying an additional 2,784 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Yext in the first quarter valued at $38,000. Able Wealth Management LLC acquired a new stake in shares of Yext in the first quarter valued at $48,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Yext in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on YEXT. Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Zacks Research upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Yext presently has an average rating of “Hold” and an average target price of $6.67.

Insiders Place Their Bets

In other news, Director Daniel J. Englander acquired 76,190 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought 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 in the company, valued at approximately $737,011.80. This trade represents a 117.22% increase in their position. The purchase 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 Yext stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This represents a 71.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

Yext Stock Performance

NYSE:YEXT opened at $5.86 on Tuesday. The company has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $4.71. The company has a market cap of $587.45 million, a price-to-earnings ratio of 83.71 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52 week low of $3.27 and a 52 week high of $9.20.

Yext Profile

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.