Yext (NYSE:YEXT) Trading Up 5.5% – Here’s What Happened

Yext, Inc. (NYSE:YEXT) shares were up 5.5% on Monday . The company traded as high as $6.71 and last traded at $6.68. Approximately 159,690 shares traded hands during trading, a decline of 79% from the average daily volume of 760,964 shares. The stock had previously closed at $6.33.

Analyst Ratings Changes

A number of equities analysts have commented on YEXT shares. Roth Mkm reiterated a “buy” rating and issued a $10.50 price objective (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th. DA Davidson increased their price target on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Thursday, January 16th.

Yext Stock Up 4.2 %

The company has a fifty day moving average of $6.99 and a two-hundred day moving average of $6.50.

Institutional Trading of Yext

Institutional investors have recently added to or reduced their stakes in the business. Zacks Investment Management lifted its holdings in shares of Yext by 370.2% in the 3rd quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock worth $2,619,000 after purchasing an additional 297,938 shares during the last quarter. Geode Capital Management LLC lifted its stake in Yext by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,384,867 shares of the company’s stock valued at $16,507,000 after buying an additional 38,305 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Yext by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after acquiring an additional 526,043 shares during the last quarter. Algert Global LLC grew its position in shares of Yext by 410.4% during the second quarter. Algert Global LLC now owns 317,046 shares of the company’s stock worth $1,696,000 after acquiring an additional 254,924 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Yext by 137.3% in the 3rd quarter. Barclays PLC now owns 238,361 shares of the company’s stock worth $1,650,000 after acquiring an additional 137,921 shares during the period. Institutional investors 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.