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

Yext (NYSE:YEXT)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They presently have a $10.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 68.86% from the company’s previous close.

YEXT has been the topic of a number of other reports. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th. DA Davidson upped their price target 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.

Yext Price Performance

NYSE YEXT opened at $5.92 on Thursday. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75. The business has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $6.83. The stock has a market capitalization of $749.04 million, a PE ratio of -39.48 and a beta of 1.20.

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

Institutional Trading of Yext

Several large investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Yext in the third quarter valued at approximately $145,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Yext by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock valued at $8,254,000 after buying an additional 47,983 shares in the last quarter. FMR LLC grew its holdings in shares of Yext by 34.7% during the third quarter. FMR LLC now owns 552,218 shares of the company’s stock valued at $3,821,000 after buying an additional 142,149 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Yext in the 3rd quarter worth about $289,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Yext by 21.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,171,051 shares of the company’s stock worth $8,104,000 after acquiring an additional 203,179 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.