Tocqueville Asset Management L.P. Makes New Investment in Yext $YEXT

Tocqueville Asset Management L.P. acquired a new position in shares of Yext (NYSE:YEXT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 135,000 shares of the company’s stock, valued at approximately $630,000. Tocqueville Asset Management L.P. owned approximately 0.13% of Yext as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Haven Private LLC boosted its stake in Yext by 3.3% in the 4th quarter. Haven Private LLC now owns 59,248 shares of the company’s stock worth $478,000 after purchasing an additional 1,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Yext by 6.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after purchasing an additional 2,016 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Yext by 147.1% in the fourth 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 in the last quarter. Creative Planning lifted its holdings in shares of Yext by 29.5% in the third quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after purchasing an additional 3,789 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Yext by 2.9% in the second quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after purchasing an additional 4,444 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have weighed in on YEXT shares. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 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 cut shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.67.

Yext Stock Up 1.9%

Shares of Yext stock opened at $6.36 on Friday. The stock has a market capitalization of $637.59 million, a P/E ratio of 90.86 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. The stock has a 50 day moving average price of $5.17 and a two-hundred day moving average price of $4.69. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.

About Yext

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.