Cubist Systematic Strategies LLC Acquires 141,605 Shares of Yext, Inc. (NYSE:YEXT)

Cubist Systematic Strategies LLC raised its holdings in shares of Yext, Inc. (NYSE:YEXT) by 80.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 317,889 shares of the company’s stock after acquiring an additional 141,605 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.25% of Yext worth $1,701,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in YEXT. Russell Investments Group Ltd. increased its holdings in Yext by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock valued at $733,000 after purchasing an additional 1,861 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Yext by 27.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after purchasing an additional 3,385 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Yext by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after purchasing an additional 4,711 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Yext by 36.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock worth $100,000 after buying an additional 4,946 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock valued at $500,000 after buying an additional 9,849 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on YEXT shares. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Thursday, September 5th. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective (down from $8.00) on shares of Yext in a research report on Thursday, September 5th. Finally, DA Davidson lifted their target price on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, September 5th.

Yext Trading Up 2.9 %

Yext stock opened at $6.92 on Tuesday. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $7.53. The company has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $5.50. The company has a market cap of $884.57 million, a P/E ratio of -138.30 and a beta of 1.17.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The business had revenue of $97.90 million for the quarter, compared to the consensus estimate of $98.15 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Yext’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities research analysts forecast that Yext, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other news, Director Seth H. Waugh bought 32,600 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares in the company, valued at $1,019,777.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.40% of the stock is currently owned by insiders.

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.