Yext (NYSE:YEXT) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a research report sent to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a $10.00 price objective on the stock.

Several other research analysts have also recently issued reports on YEXT. DA Davidson raised their target price on Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. B. Riley raised Yext from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.44.

Yext Stock Performance

Shares of NYSE:YEXT opened at $8.6050 on Monday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -47.80 and a beta of 1.06. The stock’s 50-day simple moving average is $8.23 and its two-hundred day simple moving average is $7.14. Yext has a 52-week low of $4.73 and a 52-week high of $9.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New Age Alpha Advisors LLC bought a new position in shares of Yext during the first quarter valued at $43,000. Optas LLC bought a new position in shares of Yext during the first quarter valued at $71,000. Martingale Asset Management L P raised its position in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock valued at $88,000 after purchasing an additional 2,002 shares during the last quarter. Ieq Capital LLC bought a new position in Yext in the 1st quarter valued at $90,000. Finally, 111 Capital bought a new position in Yext in the 2nd quarter valued at $100,000. 70.98% of the stock is owned by 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.