DA Davidson Cuts Yext (NYSE:YEXT) Price Target to $5.50

Yext (NYSE:YEXT) had its price objective trimmed by DA Davidson from $7.25 to $5.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

YEXT has been the topic of a number of other reports. Needham & Company LLC restated a hold rating on shares of Yext in a report on Monday, June 10th. B. Riley cut their price target on Yext from $9.00 to $8.00 and set a neutral rating on the stock in a report on Thursday, March 7th. Finally, Roth Mkm restated a buy rating and set a $8.00 price target on shares of Yext in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Yext has a consensus rating of Hold and a consensus target price of $8.50.

Yext Price Performance

Shares of YEXT stock opened at $5.04 on Tuesday. The business’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $5.75. Yext has a one year low of $4.29 and a one year high of $13.96. The stock has a market capitalization of $635.11 million, a PE ratio of -100.70 and a beta of 1.22.

Institutional Investors Weigh In On Yext

Several large investors have recently made changes to their positions in YEXT. Barclays PLC increased its position in shares of Yext by 69.5% during the 3rd quarter. Barclays PLC now owns 87,308 shares of the company’s stock valued at $553,000 after purchasing an additional 35,808 shares during the last quarter. Swiss National Bank increased its position in shares of Yext by 8.7% during the 3rd quarter. Swiss National Bank now owns 231,800 shares of the company’s stock valued at $1,467,000 after purchasing an additional 18,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Yext by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 921,585 shares of the company’s stock valued at $5,834,000 after purchasing an additional 61,136 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Yext during the 3rd quarter valued at $426,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Yext during the 3rd quarter valued at $32,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.