Yext (NYSE:YEXT) Price Target Raised to $10.00

Yext (NYSE:YEXT) had its price target hoisted by Needham & Company LLC from $8.00 to $10.00 in a research report released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also issued reports on YEXT. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective (down previously from $8.00) on shares of Yext in a report on Thursday, September 5th. DA Davidson upped their target price on Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, September 5th.

Yext Trading Down 4.6 %

Shares of Yext stock opened at $6.71 on Tuesday. The company has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $6.17. The stock has a market cap of $855.70 million, a price-to-earnings ratio of -44.70 and a beta of 1.20. Yext has a 12-month low of $4.29 and a 12-month high of $8.75.

Insider Buying and Selling at Yext

In other news, Director Seth H. Waugh bought 32,600 shares of Yext stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the purchase, the director now owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The trade was a 27.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Yext in the 3rd quarter valued at approximately $38,000. Canada Pension Plan Investment Board purchased a new position in shares of Yext during the 2nd quarter worth approximately $62,000. Quantinno Capital Management LP acquired a new stake in shares of Yext in the 3rd quarter valued at approximately $76,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Yext by 27.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after buying an additional 3,385 shares during the period. Finally, Balboa Wealth Partners purchased a new stake in shares of Yext in the third quarter valued at approximately $114,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.