Needham & Company LLC Reaffirms “Buy” Rating for Yext (NYSE:YEXT)

Yext (NYSE:YEXT)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 58.10% from the stock’s previous close.

YEXT has been the subject of a number of other reports. DA Davidson lifted their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Roth Mkm reissued a “buy” rating and set a $10.50 price target (up from $7.50) on shares of Yext in a research report on Tuesday, December 10th.

Yext Stock Performance

Shares of NYSE YEXT opened at $6.33 on Thursday. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The company has a market cap of $807.20 million, a PE ratio of -42.17 and a beta of 1.26. The business has a 50-day simple moving average of $7.20 and a two-hundred day simple moving average of $6.42.

Institutional Trading of Yext

A number of hedge funds have recently modified their holdings of the stock. Lynrock Lake LP grew its position in shares of Yext by 23.8% during the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock valued at $44,231,000 after acquiring an additional 1,591,791 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Yext by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after purchasing an additional 526,043 shares during the period. Potrero Capital Research LLC raised its stake in shares of Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after buying an additional 900,975 shares during the period. Geode Capital Management LLC lifted its position in shares of Yext by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after buying an additional 38,305 shares in the last quarter. Finally, Tenzing Global Management LLC grew its stake in Yext by 133.3% in the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $14,532,000 after acquiring an additional 1,200,000 shares during the period. Hedge funds and other institutional investors 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.