Yext’s (YEXT) Buy Rating Reaffirmed at Roth Mkm

Yext (NYSE:YEXT)‘s stock had its “buy” rating restated by Roth Mkm in a research note issued on Wednesday,Benzinga reports. They presently have a $9.50 price objective on the stock, down from their previous price objective of $10.50. Roth Mkm’s target price suggests a potential upside of 46.27% from the company’s previous close.

Several other analysts have also issued reports on YEXT. DA Davidson upped their target price on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Wednesday, February 12th.

Yext Trading Down 0.4 %

YEXT stock traded down $0.03 during midday trading on Wednesday, hitting $6.50. The stock had a trading volume of 166,758 shares, compared to its average volume of 618,289. Yext has a 52 week low of $4.29 and a 52 week high of $8.75. The firm has a market capitalization of $828.90 million, a price-to-earnings ratio of -43.23 and a beta of 1.26. The stock has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $6.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Yext in the 3rd quarter worth about $38,000. KBC Group NV purchased a new stake in shares of Yext in the 4th quarter worth $47,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Yext during the 4th quarter valued at $64,000. EntryPoint Capital LLC purchased a new stake in Yext during the 4th quarter valued at approximately $67,000. Finally, Virtu Financial LLC purchased a new position in shares of Yext during the fourth quarter valued at about $67,000. 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.