Yext (NYSE:YEXT) Earns “Buy” Rating from Needham & Company LLC

Yext (NYSE:YEXT)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $10.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 60.38% from the company’s current price.

Other equities research analysts have also issued research reports about the company. DA Davidson raised their price target on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th.

Yext Trading Down 0.9 %

NYSE:YEXT opened at $6.24 on Thursday. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The business’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.73. The firm has a market capitalization of $795.72 million, a price-to-earnings ratio of -41.57 and a beta of 1.34.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $113.09 million during the quarter, compared to analyst estimates of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. Sell-side analysts predict that Yext will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Yext

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in Yext by 18.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after buying an additional 3,384 shares during the last quarter. Summit Trail Advisors LLC raised its position in Yext by 1.8% in the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock valued at $1,196,000 after buying an additional 3,409 shares during the last quarter. Rhumbline Advisers raised its position in Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock valued at $945,000 after buying an additional 3,813 shares during the last quarter. Magnetar Financial LLC raised its position in Yext by 17.3% in the 4th quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock valued at $183,000 after buying an additional 4,245 shares during the last quarter. Finally, Amundi raised its position in Yext by 7.7% in the 4th quarter. Amundi now owns 59,877 shares of the company’s stock valued at $391,000 after buying an additional 4,284 shares during the last quarter. 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.