Pacer Advisors Inc. Makes New $1.50 Million Investment in Yext $YEXT

Pacer Advisors Inc. purchased a new stake in Yext (NYSE:YEXT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 391,410 shares of the company’s stock, valued at approximately $1,503,000. Pacer Advisors Inc. owned about 0.39% of Yext at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in YEXT. New York State Teachers Retirement System lifted its stake in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after acquiring an additional 9,253 shares during the period. Clearstead Advisors LLC increased its position in Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares during the period. Gamco Investors INC. ET AL bought a new position in Yext during the 1st quarter worth approximately $38,000. Able Wealth Management LLC acquired a new position in shares of Yext in the 1st quarter worth approximately $48,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Yext in the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Up 3.1%

Yext stock opened at $5.75 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 12-month low of $3.27 and a 12-month high of $9.20. The firm’s fifty day moving average is $4.77 and its 200 day moving average is $4.80. The company has a market capitalization of $575.92 million, a PE ratio of 82.07 and a beta of 1.13.

Insider Buying and Selling at Yext

In other news, Director Seth H. Waugh bought 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the purchase, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This represents a 71.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on YEXT shares. Zacks Research upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.50.

Yext 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.