GSA Capital Partners LLP Makes New Investment in Yext $YEXT

GSA Capital Partners LLP purchased a new stake in shares of Yext (NYSE:YEXT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,717 shares of the company’s stock, valued at approximately $695,000.

Other large investors have also recently added to or reduced their stakes in the company. Lynrock Lake LP grew its holdings in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after purchasing an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP increased its position in Yext by 126.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after buying an additional 1,647,174 shares during the period. OP Asset Management Ltd acquired a new stake in Yext in the 1st quarter worth about $3,915,000. First Trust Advisors LP acquired a new stake in shares of Yext in the fourth quarter valued at approximately $5,634,000. Finally, Millennium Management LLC bought a new stake in shares of Yext during the 1st quarter valued at $3,964,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on YEXT shares. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment 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 stock has a consensus rating of “Hold” and a consensus target price of $6.67.

Insider Buying and Selling

In other Yext news, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was bought 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 approximately $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Seth H. Waugh acquired 133,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $3.75 per share, with a total value of $498,750.00. Following the completion of the acquisition, 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 SEC filing for this purchase provides additional information. Company insiders own 7.80% of the company’s stock.

Yext Stock Up 4.4%

Yext stock opened at $6.28 on Thursday. The company has a market capitalization of $629.07 million, a PE ratio of 89.64 and a beta of 1.13. The firm’s fifty day moving average is $5.08 and its 200 day moving average is $4.69. 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.

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.