Yext (NYSE:YEXT) Earns “Buy” Rating from Roth Mkm

Yext (NYSE:YEXT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a report released on Wednesday,Benzinga reports. They currently have a $9.50 price objective on the stock, down from their prior price objective of $10.50. Roth Mkm’s price target suggests a potential upside of 49.72% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. DA Davidson boosted their target price on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Wednesday, February 12th.

Yext Trading Down 1.8 %

Shares of YEXT stock opened at $6.35 on Wednesday. Yext has a 12-month low of $4.29 and a 12-month high of $8.75. The business’s fifty day simple moving average is $6.50 and its 200-day simple moving average is $6.67. The company has a market cap of $809.76 million, a PE ratio of -42.30 and a beta of 1.26.

Hedge Funds Weigh In On Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Yext by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,405 shares of the company’s stock worth $1,891,000 after acquiring an additional 61,495 shares during the last quarter. Tenzing Global Management LLC raised its holdings in shares of Yext by 20.8% in the 4th quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company’s stock valued at $16,138,000 after purchasing an additional 437,500 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Yext by 51.3% during the 4th quarter. ProShare Advisors LLC now owns 29,971 shares of the company’s stock worth $191,000 after purchasing an additional 10,164 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Yext by 71.1% during the fourth quarter. Quantinno Capital Management LP now owns 18,676 shares of the company’s stock worth $119,000 after purchasing an additional 7,758 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new position in Yext in the fourth quarter valued at $13,026,000. Hedge funds and other 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.