Yext (NYSE:YEXT) Given New $10.00 Price Target at Needham & Company LLC

Yext (NYSE:YEXT) had its price objective lifted by Needham & Company LLC from $8.00 to $10.00 in a report published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on YEXT. Roth Mkm restated a “buy” rating and issued a $7.50 price target (down previously from $8.00) on shares of Yext in a research report on Thursday, September 5th. DA Davidson increased their price objective on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, September 5th.

Yext Stock Down 17.1 %

Shares of YEXT stock opened at $7.06 on Tuesday. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The stock has a market cap of $903.12 million, a P/E ratio of -141.20 and a beta of 1.20. The business has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $6.16.

Insider Activity at Yext

In related news, Director Seth H. Waugh acquired 32,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the purchase, the director now directly owns 153,350 shares in the company, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Yext

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Yext in the 3rd quarter worth about $38,000. Canada Pension Plan Investment Board acquired a new stake in Yext in the 2nd quarter worth about $62,000. Quantinno Capital Management LP acquired a new stake in Yext in the 3rd quarter worth about $76,000. Dynamic Advisor Solutions LLC boosted its stake in Yext by 27.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after buying an additional 3,385 shares during the last quarter. Finally, Balboa Wealth Partners acquired a new stake in Yext in the 3rd quarter worth about $114,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.