Needham & Company LLC Increases Yext (NYSE:YEXT) Price Target to $10.00

Yext (NYSE:YEXT) had its price objective hoisted by research analysts at Needham & Company LLC from $8.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 42.25% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Roth Mkm restated a “buy” rating and issued a $7.50 price objective (down from $8.00) on shares of Yext in a research note on Thursday, September 5th. DA Davidson raised their price objective on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Yext Stock Performance

Yext stock opened at $7.03 on Tuesday. The stock has a market cap of $899.28 million, a PE ratio of -140.60 and a beta of 1.20. The stock has a 50-day moving average of $7.53 and a two-hundred day moving average of $6.16. Yext has a one year low of $4.29 and a one year high of $8.75.

Insider Transactions at Yext

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the purchase, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. This represents a 27.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Yext

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in Yext by 10.3% during the second quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock worth $143,000 after buying an additional 2,493 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Yext by 18.2% during 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 during the last quarter. Dynamic Advisor Solutions LLC raised its position in Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after purchasing an additional 3,385 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Yext by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock valued at $306,000 after buying an additional 4,711 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Yext during the third quarter worth about $38,000. 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.