Needham & Company LLC Reiterates “Buy” Rating for Yext (NYSE:YEXT)

Yext (NYSE:YEXT)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $10.00 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 52.79% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. DA Davidson lifted their target price 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. Roth Mkm reiterated a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Trading Down 1.0 %

Yext stock opened at $6.55 on Thursday. The business’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.73. Yext has a 12 month low of $4.29 and a 12 month high of $8.75. The company has a market cap of $835.28 million, a price-to-earnings ratio of -43.63 and a beta of 1.34.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. As a group, equities research analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Yext

Institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Yext in the third quarter worth $38,000. KBC Group NV bought a new stake in Yext during the fourth quarter valued at $47,000. O Shaughnessy Asset Management LLC purchased a new position in Yext during the fourth quarter worth about $64,000. EntryPoint Capital LLC bought a new position in Yext in the 4th quarter worth about $67,000. Finally, Virtu Financial LLC purchased a new stake in shares of Yext in the 4th quarter valued at about $67,000. 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.