Yext (NYSE:YEXT) Sets New 1-Year High – Should You Buy?

Yext, Inc. (NYSE:YEXT) hit a new 52-week high during trading on Monday . The stock traded as high as $8.89 and last traded at $8.89, with a volume of 14001 shares trading hands. The stock had previously closed at $8.51.

Analyst Ratings Changes

Several analysts recently commented on the stock. Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Thursday, September 5th. DA Davidson raised their price objective on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $7.50 price objective (down previously from $8.00) on shares of Yext in a research note on Thursday, September 5th.

Yext Trading Up 3.5 %

The business’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $6.12.

Insiders Place Their Bets

In other news, Director Seth H. Waugh purchased 32,600 shares of the stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. This represents a 27.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Yext

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Yext by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after purchasing an additional 4,711 shares during the period. SG Americas Securities LLC grew its holdings in Yext by 739.1% in the second quarter. SG Americas Securities LLC now owns 98,239 shares of the company’s stock valued at $526,000 after purchasing an additional 86,531 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after purchasing an additional 3,385 shares during the period. Gladius Capital Management LP purchased a new stake in Yext in the second quarter valued at approximately $145,000. Finally, Principal Financial Group Inc. grew its holdings in Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock valued at $500,000 after purchasing an additional 9,849 shares during the period. 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.