Yext (NYSE:YEXT) Stock Price Up 4% - Time to Buy?

Yext, Inc. (NYSE:YEXT - Get Free Report) was up 4% during mid-day trading on Tuesday . The stock traded as high as $6.11 and last traded at $6.14. Approximately 108,782 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 886,111 shares. The stock had previously closed at $5.91.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm reaffirmed 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. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Yext in a research note on Thursday, April 3rd.

Yext Price Performance

The company's fifty day moving average price is $6.28 and its 200 day moving average price is $6.77. The company has a market cap of $773.46 million, a PE ratio of -40.77 and a beta of 1.20.

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

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently made changes to their positions in YEXT. Barclays PLC grew its position in shares of Yext by 137.3% during the 3rd quarter. Barclays PLC now owns 238,361 shares of the company's stock valued at $1,650,000 after acquiring an additional 137,921 shares during the period. Geode Capital Management LLC increased its position in Yext by 1.6% in the third 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Yext in the third quarter valued at $38,000. JPMorgan Chase & Co. lifted its position in shares of Yext by 224.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company's stock valued at $3,565,000 after buying an additional 356,324 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Yext by 38.5% during the 4th quarter. SG Americas Securities LLC now owns 46,183 shares of the company's stock worth $294,000 after acquiring an additional 12,841 shares during the period. 70.98% of the stock is owned by hedge funds and other 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.