Yext’s (YEXT) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a research note issued to investors on Wednesday,Benzinga reports. Roth Mkm currently has a $9.50 price target on the stock, down from their previous price target of $10.50.

Other equities research analysts have also recently issued research reports about the company. DA Davidson raised their target price on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Yext in a research note on Wednesday, February 12th.

Yext Stock Down 1.1 %

YEXT stock opened at $6.45 on Wednesday. The business has a fifty day moving average of $6.50 and a two-hundred day moving average of $6.67. The stock has a market cap of $823.16 million, a price-to-earnings ratio of -43.00 and a beta of 1.26. Yext has a 52-week low of $4.29 and a 52-week high of $8.75.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently modified their holdings of YEXT. Pathstone Holdings LLC acquired a new position in Yext during the 4th quarter worth $13,026,000. Tenzing Global Management LLC grew its stake in Yext by 133.3% during the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock worth $14,532,000 after purchasing an additional 1,200,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Yext by 160.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock worth $11,183,000 after purchasing an additional 1,082,153 shares in the last quarter. Potrero Capital Research LLC grew its stake in Yext by 36.0% during the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after purchasing an additional 900,975 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Yext by 224.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 515,221 shares of the company’s stock worth $3,565,000 after purchasing an additional 356,324 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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.