16,422 Shares in Yext, Inc. (NYSE:YEXT) Purchased by Balboa Wealth Partners

Balboa Wealth Partners purchased a new position in shares of Yext, Inc. (NYSE:YEXT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,422 shares of the company’s stock, valued at approximately $114,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in Yext by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the company’s stock valued at $733,000 after buying an additional 1,861 shares during the period. Mackenzie Financial Corp boosted its holdings in Yext by 10.3% in the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock valued at $143,000 after purchasing an additional 2,493 shares during the period. Harbor Capital Advisors Inc. grew 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 purchasing an additional 3,384 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Yext by 27.8% in 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. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after buying an additional 4,711 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, Director Seth H. Waugh purchased 32,600 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the transaction, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.40% of the company’s stock.

Yext Trading Down 1.3 %

YEXT stock opened at $7.79 on Friday. The company’s 50 day moving average is $6.96 and its two-hundred day moving average is $5.83. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.14. The stock has a market cap of $995.86 million, a P/E ratio of -155.70 and a beta of 1.17.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on YEXT. Roth Mkm reiterated a “buy” rating and issued a $7.50 price target (down previously from $8.00) on shares of Yext in a research note on Thursday, September 5th. 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. Finally, DA Davidson boosted their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

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.