Yext (NYSE:YEXT) Stock Price Up 5.5% – What’s Next?

Shares of Yext, Inc. (NYSE:YEXT) were up 5.5% during mid-day trading on Monday . The company traded as high as $6.71 and last traded at $6.68. Approximately 159,690 shares changed hands during trading, a decline of 79% from the average daily volume of 760,964 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

YEXT has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Yext in a report on Thursday, January 16th. DA Davidson lifted their price objective on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.50 target price (up previously from $7.50) on shares of Yext in a research note on Tuesday, December 10th.

Yext Price Performance

The stock’s fifty day moving average price is $7.04 and its 200 day moving average price is $6.48. The stock has a market capitalization of $854.42 million, a P/E ratio of -44.63 and a beta of 1.26.

Institutional Investors Weigh In On Yext

Hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in shares of Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after purchasing an additional 2,493 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Yext by 18.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock worth $152,000 after purchasing an additional 3,384 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Yext in the third quarter worth $38,000. KBC Group NV purchased a new position in Yext during the 4th quarter worth approximately $47,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Yext in the 3rd quarter valued at about $76,000. 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.