Yext’s (YEXT) Buy Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a research note released on Tuesday,Benzinga reports. They currently have a $10.50 price target on the stock, up from their previous price target of $7.50.

YEXT has been the topic of a number of other research reports. Needham & Company LLC boosted their price objective on shares of Yext from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson boosted their price objective on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday.

Yext Stock Down 17.1 %

YEXT stock opened at $7.06 on Tuesday. Yext has a twelve month low of $4.29 and a twelve month high of $8.75. The stock has a market capitalization of $903.12 million, a price-to-earnings ratio of -141.20 and a beta of 1.20. The firm’s fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $6.16.

Insider Transactions at Yext

In related news, Director Seth H. Waugh purchased 32,600 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the acquisition, the director now owns 153,350 shares in the company, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YEXT. Lynrock Lake LP lifted its stake in Yext by 23.8% in the second quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after acquiring an additional 1,591,791 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Yext by 12.5% in 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 period. Potrero Capital Research LLC lifted its stake in Yext by 36.0% in the third quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after acquiring an additional 900,975 shares during the period. Federated Hermes Inc. lifted its stake in Yext by 86.6% in 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 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 worth $16,507,000 after acquiring an additional 38,305 shares during the period. 70.98% of the stock is currently owned by 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.