Yext’s (YEXT) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Yext (NYSE:YEXT) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

Several other brokerages have also issued reports on YEXT. DA Davidson raised their price objective on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Roth Mkm reaffirmed a “buy” rating and set a $10.50 price objective (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Price Performance

NYSE:YEXT opened at $6.80 on Wednesday. The business’s fifty day moving average price is $6.63 and its 200 day moving average price is $6.59. Yext has a 12 month low of $4.29 and a 12 month high of $8.75.

Institutional Investors Weigh In On Yext

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Yext by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company’s stock worth $15,347,000 after buying an additional 27,452 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Yext by 25.3% during the fourth quarter. Alliancebernstein L.P. now owns 419,767 shares of the company’s stock worth $2,670,000 after buying an additional 84,660 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Yext during the fourth quarter worth about $64,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Yext by 160.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company’s stock worth $11,183,000 after buying an additional 1,082,153 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Yext by 39.1% during the fourth quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company’s stock worth $4,558,000 after buying an additional 201,472 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.