Yext (NYSE:YEXT) Receives “Buy” Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Yext (NYSE:YEXT) in a report released on Tuesday,Benzinga reports. Roth Mkm currently has a $10.50 price target on the stock, up from their previous price target of $7.50.

YEXT has been the subject of several other research reports. Needham & Company LLC boosted their price objective on shares of Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson upped their price target on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday.

Yext Stock Performance

Shares of Yext stock opened at $6.71 on Tuesday. The company has a market capitalization of $855.70 million, a PE ratio of -44.70 and a beta of 1.20. The company has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $6.17. Yext has a one year low of $4.29 and a one year high of $8.75.

Insider Buying and Selling

In other news, Director Seth H. Waugh bought 32,600 shares of Yext stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the purchase, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of YEXT. Mackenzie Financial Corp lifted its holdings in shares of Yext by 10.3% during the second 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. lifted its stake in Yext by 18.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after acquiring an additional 3,384 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Yext by 27.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after acquiring an additional 3,385 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after acquiring an additional 4,711 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Yext in the third quarter worth $38,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.