King Luther Capital Management Corp Purchases 279,390 Shares of Yext (NYSE:YEXT)

King Luther Capital Management Corp raised its position in shares of Yext (NYSE:YEXT) by 127.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 497,917 shares of the company’s stock after purchasing an additional 279,390 shares during the period. King Luther Capital Management Corp owned 0.40% of Yext worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of YEXT. Entropy Technologies LP boosted its holdings in shares of Yext by 24.3% in the first quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock worth $104,000 after acquiring an additional 3,298 shares during the period. Invesco Ltd. boosted its holdings in shares of Yext by 15.4% in the first quarter. Invesco Ltd. now owns 114,335 shares of the company’s stock worth $704,000 after acquiring an additional 15,274 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Yext by 21.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company’s stock worth $6,370,000 after acquiring an additional 185,116 shares during the period. Deutsche Bank AG boosted its holdings in shares of Yext by 61.0% in the first quarter. Deutsche Bank AG now owns 513,073 shares of the company’s stock worth $3,161,000 after acquiring an additional 194,429 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Yext in the first quarter worth $43,000. 70.98% of the stock is owned by institutional investors.

Yext Stock Performance

NYSE:YEXT opened at $7.74 on Tuesday. The firm has a market capitalization of $946.76 million, a price-to-earnings ratio of -42.97 and a beta of 1.06. Yext has a 52-week low of $4.69 and a 52-week high of $9.15. The stock has a fifty day moving average of $8.24 and a 200 day moving average of $7.07.

Wall Street Analysts Forecast Growth

YEXT has been the subject of a number of analyst reports. DA Davidson raised their price target on Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a report on Thursday, June 5th. B. Riley raised Yext from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.00 to $10.00 in a report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Wednesday, June 4th.

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.