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

Yext (NYSE:YEXT - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $10.00 price target on the stock. Needham & Company LLC's price objective would indicate a potential upside of 76.15% from the stock's previous close.

YEXT has been the topic of a number of other reports. 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 research report on Tuesday, December 10th. Roth Mkm restated a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th.

Yext Trading Down 0.9 %

Shares of NYSE YEXT traded down $0.05 during midday trading on Thursday, reaching $5.68. 285,411 shares of the stock were exchanged, compared to its average volume of 738,135. The company has a market capitalization of $718.06 million, a P/E ratio of -37.83 and a beta of 1.20. The stock has a 50 day moving average price of $6.43 and a 200-day moving average price of $6.83. Yext has a 52-week low of $4.29 and a 52-week high of $8.75.

Yext (NYSE:YEXT - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to analyst estimates of $112.77 million. Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. On average, analysts forecast that Yext will post -0.12 earnings per share for the current year.

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Hedge Funds Weigh In On Yext

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zacks Investment Management lifted its position in shares of Yext by 370.2% during the third quarter. Zacks Investment Management now owns 378,415 shares of the company's stock worth $2,619,000 after purchasing an additional 297,938 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yext by 28.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after buying an additional 186,639 shares during the period. Geode Capital Management LLC lifted its holdings in Yext by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company's stock worth $16,507,000 after buying an additional 38,305 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Yext in the 4th quarter valued at about $2,219,000. Finally, King Luther Capital Management Corp grew its stake in shares of Yext by 24.9% during the fourth quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock valued at $1,390,000 after acquiring an additional 43,527 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

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.