Barclays PLC Buys 137,921 Shares of Yext, Inc. (NYSE:YEXT)

Barclays PLC increased its position in shares of Yext, Inc. (NYSE:YEXT) by 137.3% during the 3rd quarter, Holdings Channel reports. The fund owned 238,361 shares of the company’s stock after buying an additional 137,921 shares during the quarter. Barclays PLC’s holdings in Yext were worth $1,650,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of YEXT. Mackenzie Financial Corp raised its holdings in Yext by 10.3% in the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after purchasing an additional 2,493 shares during the period. Harbor Capital Advisors Inc. raised its stake in Yext by 18.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock worth $152,000 after buying an additional 3,384 shares during the period. Principal Financial Group Inc. lifted its holdings in Yext by 11.8% during the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock worth $500,000 after acquiring an additional 9,849 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Yext by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company’s stock valued at $1,601,000 after acquiring an additional 10,040 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in Yext in the third quarter valued at about $76,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Price Performance

YEXT stock opened at $6.61 on Friday. Yext, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The business has a 50-day moving average of $7.30 and a 200-day moving average of $6.38. The stock has a market capitalization of $843.57 million, a P/E ratio of -44.07 and a beta of 1.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their price target on Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and issued a $10.50 price target (up previously from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Finally, DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

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.