Yext, Inc. (NYSE:YEXT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Yext, Inc. (NYSE:YEXT) have earned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.33.

Several equities analysts have recently weighed in on YEXT shares. Roth Mkm upgraded Yext from a “neutral” rating to a “buy” rating and raised their target price for the company from $8.50 to $12.80 in a research report on Wednesday, June 7th. TheStreet upgraded Yext from a “d” rating to a “c-” rating in a research report on Tuesday, June 6th. DA Davidson increased their price target on Yext from $10.00 to $11.50 in a report on Wednesday, June 7th. 888 restated an “initiates” rating on shares of Yext in a report on Wednesday, June 28th. Finally, Roth Capital raised shares of Yext from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 7th.

Insider Transactions at Yext

In other news, General Counsel Ho Shin sold 6,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $10.27, for a total value of $61,620.00. Following the completion of the sale, the general counsel now directly owns 114,224 shares of the company’s stock, valued at $1,173,080.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.90% of the company’s stock.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently made changes to their positions in YEXT. HighTower Advisors LLC acquired a new position in shares of Yext in the 1st quarter valued at about $230,000. Bank of Montreal Can acquired a new position in shares of Yext in the 1st quarter valued at about $75,000. MetLife Investment Management LLC boosted its stake in Yext by 40.5% in the first quarter. MetLife Investment Management LLC now owns 53,376 shares of the company’s stock valued at $368,000 after acquiring an additional 15,382 shares during the period. Panagora Asset Management Inc. grew its stake in Yext by 408.7% during the 1st quarter. Panagora Asset Management Inc. now owns 178,145 shares of the company’s stock worth $1,227,000 after buying an additional 143,122 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Yext by 5.5% in the 1st quarter. BlackRock Inc. now owns 11,289,862 shares of the company’s stock worth $77,787,000 after acquiring an additional 589,806 shares during the period. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

Yext Trading Up 3.1 %

NYSE YEXT opened at $8.67 on Thursday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -27.09 and a beta of 1.19. The stock has a 50-day moving average of $9.74 and a 200 day moving average of $9.23. Yext has a twelve month low of $4.00 and a twelve month high of $14.35.

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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.