Yext (NYSE:YEXT) Trading 4.3% Higher – Should You Buy?

Shares of Yext, Inc. (NYSE:YEXT) traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $6.50 and last traded at $6.48. 284,286 shares traded hands during trading, a decline of 68% from the average session volume of 893,950 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

Several research firms have recently weighed in on YEXT. Needham & Company LLC lifted their price objective on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and issued a $10.50 price objective (up previously from $7.50) on shares of Yext in a research report on Tuesday, December 10th. Finally, DA Davidson boosted their price target on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Yext Trading Up 2.4 %

The firm has a market capitalization of $811.67 million, a price-to-earnings ratio of -42.40 and a beta of 1.20. The business has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $6.31.

Institutional Trading of Yext

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in Yext by 224.2% in the third quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after purchasing an additional 356,324 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Yext in the third quarter valued at $38,000. Barclays PLC boosted its stake in Yext by 137.3% during the third quarter. Barclays PLC now owns 238,361 shares of the company’s stock valued at $1,650,000 after buying an additional 137,921 shares in the last quarter. Geode Capital Management LLC grew its holdings in Yext by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock worth $16,507,000 after acquiring an additional 38,305 shares during the period. Finally, Zacks Investment Management raised its position in Yext by 370.2% in the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock worth $2,619,000 after acquiring an additional 297,938 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

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.