Smith Group Asset Management LLC Buys 41,241 Shares of Yext, Inc. (NYSE:YEXT)

Smith Group Asset Management LLC raised its stake in Yext, Inc. (NYSE:YEXT) by 103.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,297 shares of the company’s stock after purchasing an additional 41,241 shares during the quarter. Smith Group Asset Management LLC owned approximately 0.06% of Yext worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of YEXT. Principal Financial Group Inc. lifted its position in shares of Yext by 570.9% in the first quarter. Principal Financial Group Inc. now owns 83,667 shares of the company’s stock valued at $505,000 after buying an additional 71,196 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 buying an additional 1,861 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Yext by 7.0% in the first quarter. First Eagle Investment Management LLC now owns 642,979 shares of the company’s stock valued at $3,877,000 after buying an additional 42,020 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Yext by 53.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock valued at $5,537,000 after buying an additional 321,812 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of Yext by 300.4% in the first quarter. EntryPoint Capital LLC now owns 24,447 shares of the company’s stock valued at $147,000 after buying an additional 18,342 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yext

In related news, Director Seth H. Waugh acquired 32,600 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $6.65 per share, with a total value of $216,790.00. Following the acquisition, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.40% of the company’s stock.

Yext Trading Up 3.1 %

NYSE:YEXT opened at $7.06 on Tuesday. The stock has a market cap of $890.54 million, a P/E ratio of -141.20 and a beta of 1.19. The stock has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $5.63. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $7.53.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $97.90 million during the quarter, compared to analysts’ expectations of $98.15 million. Yext had a negative return on equity of 3.35% and a negative net margin of 1.68%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. As a group, sell-side analysts forecast that Yext, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

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

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.