Needham & Company LLC Reiterates “Buy” Rating for Yext (NYSE:YEXT)

Yext (NYSE:YEXT)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $10.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 60.51% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Roth Mkm restated a “buy” rating and set a $9.50 price target (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. DA Davidson upped their price objective on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

Yext Price Performance

Yext stock opened at $6.23 on Thursday. The stock has a market cap of $788.00 million, a PE ratio of -41.53 and a beta of 1.20. The stock’s fifty day moving average is $6.46 and its two-hundred day moving average is $6.84. Yext has a 1-year low of $4.29 and a 1-year high of $8.75.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The firm had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $112.77 million. On average, research analysts expect that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Yext

Large investors have recently bought and sold shares of the company. Zacks Investment Management boosted its position 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 buying an additional 297,938 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Yext by 28.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company’s stock worth $5,400,000 after acquiring an additional 186,639 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 38,305 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Yext by 24.9% in the fourth quarter. King Luther Capital Management Corp now owns 218,527 shares of the company’s stock valued at $1,390,000 after purchasing an additional 43,527 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Yext during the 4th quarter worth approximately $2,219,000. 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.