Yext (NYSE:YEXT) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Yext (NYSE:YEXT) in a research report report published on Thursday morning,Benzinga reports. They currently have a $10.00 price target on the stock.

Several other analysts have also weighed in on the stock. Roth Mkm reiterated a “buy” rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. DA Davidson lifted their price target on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Yext Stock Performance

Shares of YEXT stock opened at $6.11 on Thursday. The stock has a market capitalization of $772.19 million, a price-to-earnings ratio of -40.70 and a beta of 1.20. Yext has a one year low of $4.29 and a one year high of $8.75. The company’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $6.83.

Yext (NYSE:YEXT) last released its 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). The firm had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. As a group, research analysts forecast that Yext will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Yext

A number of hedge funds have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC raised its holdings in shares of Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock valued at $1,196,000 after buying an additional 3,409 shares during the last quarter. Rhumbline Advisers raised its stake in Yext by 2.6% during the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock valued at $945,000 after acquiring an additional 3,813 shares in the last quarter. Magnetar Financial LLC raised its stake in Yext by 17.3% during the 4th quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock valued at $183,000 after acquiring an additional 4,245 shares in the last quarter. Amundi grew its stake in shares of Yext by 7.7% in the fourth quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Yext by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 59,438 shares of the company’s stock worth $378,000 after purchasing an additional 5,191 shares in the last quarter. 70.98% of the stock is currently owned by 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.