Yext (NYSE:YEXT) Shares Up 4.3% – Still a Buy?

Yext, Inc. (NYSE:YEXT)’s stock price was up 4.3% during mid-day trading on Tuesday . The company traded as high as $6.50 and last traded at $6.48. Approximately 284,286 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 893,950 shares. The stock had previously closed at $6.21.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on YEXT. Needham & Company LLC raised their target price on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson lifted their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.50 target price (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Price Performance

The company has a fifty day moving average price of $7.42 and a two-hundred day moving average price of $6.30. The company has a market capitalization of $824.43 million, a P/E ratio of -43.07 and a beta of 1.20.

Hedge Funds Weigh In On Yext

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zacks Investment Management boosted its position in shares of Yext by 370.2% during the 3rd quarter. Zacks Investment Management now owns 378,415 shares of the company’s stock valued at $2,619,000 after purchasing an additional 297,938 shares in the last quarter. 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 valued at $44,231,000 after buying an additional 1,591,791 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Yext by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after buying an additional 526,043 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after buying an additional 1,275,348 shares during the period. Finally, King Luther Capital Management Corp bought a new stake in shares of Yext in the 2nd quarter valued at $936,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.