GSA Capital Partners LLP Makes New Investment in Yext $YEXT

GSA Capital Partners LLP acquired a new stake in shares of Yext (NYSE:YEXT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 148,717 shares of the company’s stock, valued at approximately $695,000. GSA Capital Partners LLP owned approximately 0.15% of Yext at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lynrock Lake LP lifted its position in shares of Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after acquiring an additional 2,861,653 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Yext by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after buying an additional 371,253 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after acquiring an additional 1,647,174 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Yext by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock valued at $20,980,000 after buying an additional 23,914 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Yext by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock valued at $8,185,000 after acquiring an additional 373,953 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Stock Performance

Yext stock opened at $6.28 on Thursday. The company’s 50-day moving average is $5.08 and its two-hundred day moving average is $4.69. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The company has a market cap of $629.07 million, a PE ratio of 89.64 and a beta of 1.13. Yext has a 1 year low of $3.27 and a 1 year high of $9.20.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on YEXT shares. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.67.

Insider Activity at Yext

In other news, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the purchase, the director owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the purchase, the director owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This trade represents a 117.22% increase in their position. The SEC filing for this purchase provides additional information. 7.80% of the stock is owned by company insiders.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.