Yext (NYSE:YEXT) Stock Price Down 3.7% – Should You Sell?

Yext, Inc. (NYSE:YEXT)’s share price traded down 3.7% during mid-day trading on Friday . The company traded as low as $6.25 and last traded at $6.30. 308,210 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 500,495 shares. The stock had previously closed at $6.54.

Analyst Ratings Changes

YEXT has been the subject of several recent research reports. DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and issued a $10.50 price objective (up from $7.50) on shares of Yext in a research note on Tuesday, December 10th. Finally, Needham & Company LLC boosted their target price on shares of Yext from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Yext Price Performance

The company has a 50 day moving average of $7.38 and a 200-day moving average of $6.31. The company has a market cap of $812.95 million, a P/E ratio of -42.47 and a beta of 1.20.

Hedge Funds Weigh In On Yext

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

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.