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

Yext (NYSE:YEXT)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $10.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 52.79% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Yext Stock Down 1.0 %

Shares of NYSE:YEXT opened at $6.55 on Thursday. Yext has a twelve month low of $4.29 and a twelve month high of $8.75. The stock’s 50 day moving average is $6.52 and its 200-day moving average is $6.73. The firm has a market capitalization of $835.28 million, a price-to-earnings ratio of -43.63 and a beta of 1.34.

Yext (NYSE:YEXT) last released its quarterly earnings data 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). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. Equities research analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yext

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after acquiring an additional 3,384 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Yext by 1.8% in the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after purchasing an additional 3,409 shares during the last quarter. Rhumbline Advisers grew its stake 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 purchasing an additional 3,813 shares during the period. Magnetar Financial LLC increased its position in shares of Yext by 17.3% during the 4th quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock valued at $183,000 after purchasing an additional 4,245 shares during the last quarter. Finally, Amundi raised its stake in shares of Yext by 7.7% during the 4th quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares during the period. Hedge funds and other institutional investors 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.