Yext’s (YEXT) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Yext (NYSE:YEXT) in a research report report published on Thursday,Benzinga reports. They currently have a $10.00 price objective on the stock.

Several other brokerages have also recently issued reports on YEXT. DA Davidson raised their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and set a $10.50 price target (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Price Performance

Shares of NYSE YEXT opened at $6.33 on Thursday. The stock has a market capitalization of $807.20 million, a P/E ratio of -42.17 and a beta of 1.26. The company has a 50-day moving average price of $7.20 and a 200-day moving average price of $6.43. Yext has a 1 year low of $4.29 and a 1 year high of $8.75.

Institutional Trading of Yext

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp increased its position in shares of Yext by 10.3% during the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after acquiring an additional 2,493 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after acquiring an additional 3,384 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext during the 3rd quarter worth $38,000. Massachusetts Financial Services Co. MA increased its stake in shares of Yext by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company’s stock valued at $1,601,000 after acquiring an additional 10,040 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Yext in the 3rd quarter valued at $76,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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.