Yext (NYSE:YEXT) Price Target Raised to $5.75

Yext (NYSE:YEXT) had its target price lifted by DA Davidson from $5.50 to $5.75 in a research note released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

YEXT has been the subject of a number of other reports. Needham & Company LLC raised shares of Yext from a hold rating to a buy rating and set a $8.00 price target for the company in a report on Thursday. Roth Mkm reaffirmed a buy rating and set a $8.00 target price on shares of Yext in a research report on Tuesday, June 11th.

Yext Price Performance

NYSE:YEXT opened at $6.22 on Thursday. Yext has a 12 month low of $4.29 and a 12 month high of $7.59. The business’s 50-day moving average is $5.24 and its two-hundred day moving average is $5.43. The firm has a market capitalization of $784.59 million, a PE ratio of -124.40 and a beta of 1.17.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Yext had a negative return on equity of 3.44% and a negative net margin of 1.68%. The firm had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. During the same period in the previous year, the company posted ($0.03) EPS. Yext’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts anticipate that Yext will post 0.04 EPS for the current year.

Insider Buying and Selling at Yext

In related news, General Counsel Ho Shin sold 35,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $5.04, for a total value of $176,400.00. Following the completion of the sale, the general counsel now directly owns 125,207 shares of the company’s stock, valued at $631,043.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently added to or reduced their stakes in YEXT. Charles Schwab Investment Management Inc. grew its holdings in shares of Yext by 20.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,108,423 shares of the company’s stock valued at $6,529,000 after purchasing an additional 186,838 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Yext by 5.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock worth $19,870,000 after purchasing an additional 176,063 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Yext by 652.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 340,958 shares of the company’s stock valued at $2,056,000 after purchasing an additional 295,658 shares during the period. Circumference Group LLC bought a new position in Yext during the 4th quarter worth $2,503,000. Finally, BNP Paribas Financial Markets increased its position in Yext by 56.1% in the fourth quarter. BNP Paribas Financial Markets now owns 217,266 shares of the company’s stock worth $1,280,000 after buying an additional 78,040 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.