Yext’s (YEXT) Buy Rating Reiterated at Needham & Company LLC

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

A number of other equities research analysts have also commented on the stock. 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. 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.

Yext Price Performance

Yext stock opened at $6.59 on Wednesday. The stock’s 50 day moving average is $6.66 and its 200 day moving average is $6.59. Yext has a one year low of $4.29 and a one year high of $8.75. The firm has a market cap of $841.02 million, a P/E ratio of -43.93 and a beta of 1.26.

Institutional Investors Weigh In On Yext

Institutional investors and hedge funds have recently modified their holdings of the company. Tenzing Global Management LLC lifted its stake 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 purchasing an additional 1,200,000 shares during the last quarter. Potrero Capital Research LLC lifted its position in Yext by 36.0% in the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after buying an additional 900,975 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Yext by 224.2% in the third quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after buying an additional 356,324 shares in the last quarter. Raymond James Financial Inc. bought a new position in Yext during the fourth quarter valued at approximately $2,219,000. Finally, Zacks Investment Management raised its stake in shares of Yext by 370.2% during the third quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock worth $2,619,000 after acquiring an additional 297,938 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other 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.