Yext (NYSE:YEXT) Stock Price Up 4.3% - Should You Buy?

Shares of Yext, Inc. (NYSE:YEXT - Get Free Report) shot up 4.3% during trading on Tuesday . The stock traded as high as $6.50 and last traded at $6.48. 284,286 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 893,950 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Needham & Company LLC increased their target price on Yext from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Roth Mkm restated a "buy" rating and issued a $10.50 price objective (up from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Stock Performance

The stock has a fifty day simple moving average of $7.40 and a two-hundred day simple moving average of $6.31. The stock has a market cap of $811.67 million, a PE ratio of -42.40 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in 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 buying an additional 2,493 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of 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. Wilmington Savings Fund Society FSB bought a new position in Yext in the 3rd quarter valued at about $38,000. Principal Financial Group Inc. increased its stake in shares of Yext by 11.8% during the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company's stock valued at $500,000 after acquiring an additional 9,849 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Yext by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 299,167 shares of the company's stock valued at $1,601,000 after purchasing an additional 10,040 shares during the period. Institutional investors and hedge funds 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.