Yext (NYSE:YEXT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Yext (NYSE:YEXT - Get Free Report) had its price target raised by equities researchers at Needham & Company LLC from $8.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 41.64% from the company's previous close.

YEXT has been the subject of a number of other research reports. DA Davidson raised their price objective on Yext from $5.50 to $5.75 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Roth Mkm reissued a "buy" rating and set a $7.50 price objective (down from $8.00) on shares of Yext in a research note on Thursday, September 5th.

Yext Stock Performance

YEXT traded down $1.46 during trading on Tuesday, reaching $7.06. 4,407,961 shares of the company traded hands, compared to its average volume of 883,502. Yext has a 12-month low of $4.29 and a 12-month high of $8.75. The firm has a fifty day simple moving average of $7.52 and a 200 day simple moving average of $6.14. The company has a market cap of $903.12 million, a P/E ratio of -140.20 and a beta of 1.20.

Insider Activity at Yext

In other news, Director Seth H. Waugh purchased 32,600 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares of the company's stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. Mackenzie Financial Corp lifted its stake in shares of Yext by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company's stock worth $143,000 after purchasing an additional 2,493 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company's stock worth $152,000 after purchasing an additional 3,384 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company's stock valued at $83,000 after buying an additional 3,385 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company's stock valued at $306,000 after buying an additional 4,711 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Yext in the 3rd quarter worth approximately $38,000. 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.