Los Angeles Capital Management LLC Trims Holdings in Yext, Inc. (NYSE:YEXT)

Los Angeles Capital Management LLC trimmed its stake in Yext, Inc. (NYSE:YEXT) by 11.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 189,613 shares of the company’s stock after selling 23,700 shares during the period. Los Angeles Capital Management LLC owned about 0.15% of Yext worth $1,206,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Zacks Investment Management lifted its position in shares of Yext by 370.2% during the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock worth $2,619,000 after purchasing an additional 297,938 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Yext by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock worth $16,507,000 after purchasing an additional 38,305 shares in the last quarter. Barclays PLC boosted its stake in shares of Yext by 137.3% in the 3rd quarter. Barclays PLC now owns 238,361 shares of the company’s stock valued at $1,650,000 after buying an additional 137,921 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in shares of Yext in the 4th quarter valued at about $1,336,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Yext by 224.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock valued at $3,565,000 after buying an additional 356,324 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Yext in a research note on Wednesday, February 12th. Finally, DA Davidson lifted their price objective on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Yext Stock Performance

NYSE:YEXT opened at $6.83 on Friday. The stock has a 50-day simple moving average of $6.51 and a 200-day simple moving average of $6.70. The stock has a market cap of $871.27 million, a P/E ratio of -45.51 and a beta of 1.26. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75.

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.