Yext (NYSE:YEXT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Yext (NYSE:YEXT) had its target price upped by analysts at Needham & Company LLC from $8.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 17.37% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $7.50 price objective (down from $8.00) on shares of Yext in a report on Thursday, September 5th. DA Davidson boosted their price target 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

Shares of YEXT opened at $8.52 on Tuesday. The business’s fifty day moving average price is $7.52 and its two-hundred day moving average price is $6.14. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -170.40 and a beta of 1.20. Yext has a 52 week low of $4.29 and a 52 week high of $8.75.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $6.65 per share, with a total value of $216,790.00. Following the completion of the transaction, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 27.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Yext

Several large investors have recently made changes to their positions in YEXT. Lynrock Lake LP raised its holdings in shares of Yext by 23.8% in the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock valued at $44,231,000 after purchasing an additional 1,591,791 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Yext by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after buying an additional 526,043 shares during the period. Potrero Capital Research LLC grew its stake in Yext by 36.0% in the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock valued at $23,559,000 after buying an additional 900,975 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Yext by 86.6% during the second quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after acquiring an additional 1,275,348 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Yext by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock worth $16,507,000 after purchasing an additional 38,305 shares during the period. 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.