DA Davidson Forecasts Strong Price Appreciation for Yext (NYSE:YEXT) Stock

Yext (NYSE:YEXT) had its target price hoisted by stock analysts at DA Davidson from $5.75 to $7.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 5.93% from the stock’s current price.

Several other brokerages have also commented on YEXT. Needham & Company LLC lifted their price objective on Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $7.50 target price (down from $8.00) on shares of Yext in a report on Thursday, September 5th.

Yext Stock Performance

Shares of NYSE:YEXT traded down $1.44 during midday trading on Tuesday, reaching $7.08. 1,411,475 shares of the company’s stock traded hands, compared to its average volume of 869,823. The stock has a 50 day moving average of $7.52 and a 200 day moving average of $6.14. Yext has a one year low of $4.29 and a one year high of $8.75. The company has a market cap of $905.67 million, a price-to-earnings ratio of -141.60 and a beta of 1.20.

Insider Transactions at Yext

In other news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the purchase, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 27.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

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