Yext (NYSE:YEXT) Price Target Raised to $7.50

Yext (NYSE:YEXT) had its target price boosted by DA Davidson from $5.75 to $7.50 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Roth Mkm restated a “buy” rating and set a $7.50 price target (down previously from $8.00) on shares of Yext in a report on Thursday, September 5th. Needham & Company LLC lifted their price objective on shares of Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday.

Yext Stock Performance

Shares of NYSE:YEXT opened at $6.71 on Tuesday. The company has a market capitalization of $855.70 million, a PE ratio of -44.70 and a beta of 1.20. The stock has a fifty day moving average of $7.53 and a 200-day moving average of $6.17. Yext has a one year low of $4.29 and a one year high of $8.75.

Insiders Place Their Bets

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of Yext stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $6.65 per share, with a total value of $216,790.00. Following the purchase, the director now owns 153,350 shares in the company, 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 can be accessed through the SEC website. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Yext

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lynrock Lake LP grew its position in shares of 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 purchasing an additional 1,591,791 shares during the last quarter. Federated Hermes Inc. boosted its stake in Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock valued at $14,704,000 after purchasing an additional 1,275,348 shares during the period. Tenzing Global Management LLC grew its holdings in Yext by 133.3% in the 3rd quarter. Tenzing Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $14,532,000 after buying an additional 1,200,000 shares during the last quarter. Potrero Capital Research LLC increased its position in Yext by 36.0% in the 3rd quarter. Potrero Capital Research LLC now owns 3,404,537 shares of the company’s stock worth $23,559,000 after buying an additional 900,975 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Yext by 12.5% in 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 during the period. 70.98% of the stock is currently 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.