Yext (NYSE:YEXT) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Yext (NYSE:YEXT) in a research note released on Monday,Benzinga reports. They currently have a $10.00 target price on the stock.

Other analysts have also issued research reports about the company. B. Riley upgraded Yext from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $10.00 in a report on Wednesday, June 4th. DA Davidson increased their price target on Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a research report on Thursday, June 5th.

Yext Stock Up 8.8%

Yext stock opened at $8.80 on Monday. The business has a fifty day moving average of $8.22 and a two-hundred day moving average of $7.12. The firm has a market cap of $1.08 billion, a P/E ratio of -48.89 and a beta of 1.06. Yext has a twelve month low of $4.73 and a twelve month high of $9.16.

Institutional Trading of Yext

Institutional investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P increased its position in shares of Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after acquiring an additional 2,002 shares during the period. Bank of New York Mellon Corp increased its position in shares of Yext by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock worth $2,029,000 after acquiring an additional 2,776 shares during the period. Entropy Technologies LP increased its position in shares of Yext by 24.3% during the first quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock worth $104,000 after acquiring an additional 3,298 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in shares of Yext by 19.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock worth $216,000 after acquiring an additional 4,060 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Yext by 2.9% during the second quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock worth $1,360,000 after acquiring an additional 4,444 shares during the period. Institutional investors and hedge funds 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.