Yext (NYSE:YEXT) Given Buy Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of Yext (NYSE:YEXT) in a research note released on Tuesday morning,Benzinga reports. They currently have a $10.50 price objective on the stock, up from their previous price objective of $7.50.

Several other equities analysts also recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of Yext from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday. 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 report on Tuesday.

Yext Price Performance

Shares of NYSE:YEXT opened at $7.06 on Tuesday. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market capitalization of $903.12 million, a P/E ratio of -141.20 and a beta of 1.20. The firm’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $6.16.

Insider Transactions at Yext

In related news, Director Seth H. Waugh bought 32,600 shares of the stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares of the company’s stock, valued at $1,019,777.50. This represents a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Yext

Several large investors have recently bought and sold shares of YEXT. Price T Rowe Associates Inc. MD increased its position in Yext by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after purchasing an additional 4,711 shares during the last quarter. SG Americas Securities LLC increased its position in Yext by 739.1% in the second quarter. SG Americas Securities LLC now owns 98,239 shares of the company’s stock worth $526,000 after purchasing an additional 86,531 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after purchasing an additional 3,385 shares during the last quarter. Gladius Capital Management LP bought a new stake in Yext in the second quarter worth $145,000. Finally, Principal Financial Group Inc. increased its position in Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock worth $500,000 after purchasing an additional 9,849 shares during the last quarter. 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.