Yext (NYSE:YEXT) Receives Buy Rating from Needham & Company LLC

Yext (NYSE:YEXT)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $10.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 60.51% from the company’s current price.

Other analysts have also issued reports about the company. Roth Mkm reaffirmed a “buy” rating and set a $9.50 target price (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. DA Davidson lifted their price objective on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

Yext Stock Performance

Shares of YEXT opened at $6.23 on Thursday. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The company has a market capitalization of $788.00 million, a PE ratio of -41.53 and a beta of 1.20. The stock has a fifty day moving average of $6.46 and a two-hundred day moving average of $6.84.

Yext (NYSE:YEXT) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, equities research analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in Yext in the third quarter worth about $38,000. KBC Group NV bought a new position in Yext during the 4th quarter worth approximately $47,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Yext in the 4th quarter worth approximately $64,000. EntryPoint Capital LLC bought a new stake in shares of Yext in the 4th quarter valued at approximately $67,000. Finally, Virtu Financial LLC acquired a new stake in shares of Yext during the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.