Gagnon Securities LLC Sells 5,455 Shares of Yext, Inc. (NYSE:YEXT)

Gagnon Securities LLC trimmed its position in shares of Yext, Inc. (NYSE:YEXT) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,332 shares of the company’s stock after selling 5,455 shares during the quarter. Gagnon Securities LLC’s holdings in Yext were worth $85,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Yext in the third quarter worth about $38,000. KBC Group NV purchased a new stake in Yext in the fourth quarter worth about $47,000. Quantinno Capital Management LP purchased a new stake in Yext in the third quarter worth about $76,000. Balboa Wealth Partners purchased a new stake in Yext in the third quarter worth about $114,000. Finally, Mackenzie Financial Corp lifted its holdings in Yext by 10.3% in the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after buying an additional 2,493 shares during the period. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on YEXT. DA Davidson raised their price objective on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a report on Thursday, January 16th. Finally, Roth Mkm reiterated a “buy” rating and set a $10.50 target price (up from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Price Performance

Shares of YEXT opened at $6.56 on Friday. The firm has a 50 day moving average of $6.91 and a 200 day moving average of $6.52. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $8.75.

Yext 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.