Needham & Company LLC Raises Yext (NYSE:YEXT) Price Target to $10.00

Yext (NYSE:YEXT) had its price target boosted by Needham & Company LLC from $8.00 to $10.00 in a report issued on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

YEXT has been the subject of several other reports. DA Davidson raised their target price on shares of Yext from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 5th. Roth Mkm reiterated a “buy” rating and issued a $7.50 price target (down from $8.00) on shares of Yext in a research report on Thursday, September 5th.

Yext Price Performance

YEXT opened at $6.71 on Tuesday. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The stock has a market cap of $855.70 million, a P/E ratio of -44.70 and a beta of 1.20. The stock’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $6.17.

Insider Buying and Selling

In other news, Director Seth H. Waugh purchased 32,600 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $6.65 per share, with a total value of $216,790.00. Following the purchase, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. This trade represents a 27.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Yext

A number of institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Yext during the third quarter worth approximately $38,000. Canada Pension Plan Investment Board purchased a new position in shares of Yext during the 2nd quarter worth $62,000. Quantinno Capital Management LP acquired a new stake in shares of Yext during the third quarter worth $76,000. Dynamic Advisor Solutions LLC grew its position in shares of Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock valued at $83,000 after purchasing an additional 3,385 shares during the period. Finally, Balboa Wealth Partners purchased a new stake in shares of Yext in the third quarter valued at $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.