Needham & Company LLC Reaffirms Buy Rating for Yext (NYSE:YEXT)

Yext (NYSE:YEXT)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They currently have a $10.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 51.75% from the company’s previous close.

Several other research firms have also weighed in on YEXT. DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reiterated a “buy” rating and set a $10.50 price target (up from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Trading Up 0.6 %

NYSE:YEXT opened at $6.59 on Wednesday. The firm’s fifty day simple moving average is $6.66 and its 200 day simple moving average is $6.59. Yext has a twelve month low of $4.29 and a twelve month high of $8.75. The firm has a market capitalization of $841.02 million, a price-to-earnings ratio of -43.93 and a beta of 1.26.

Institutional Trading of Yext

Several hedge funds have recently bought and sold shares of YEXT. Vanguard Group Inc. boosted its holdings in shares of Yext by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company’s stock valued at $100,906,000 after buying an additional 204,329 shares during the last quarter. Potrero Capital Research LLC grew its position in shares of Yext by 36.0% in the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock valued at $23,559,000 after acquiring an additional 900,975 shares during the period. Geode Capital Management LLC lifted its stake in Yext by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after purchasing an additional 38,305 shares during the last quarter. Tenzing Global Management LLC increased its position in Yext by 133.3% during the third quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock worth $14,532,000 after buying an additional 1,200,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Yext by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock worth $8,254,000 after buying an additional 47,983 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.