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

Yext (NYSE:YEXT - Free Report) had its price objective raised by DA Davidson from $7.50 to $8.25 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

YEXT has been the subject of several other reports. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $10.00 in a report on Wednesday. Roth Mkm restated a "buy" rating and issued a $9.50 target price (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a report on Wednesday.

Yext Stock Performance

Shares of Yext stock traded down $0.18 during trading on Thursday, hitting $8.79. 3,287,899 shares of the stock traded hands, compared to its average volume of 924,969. The stock has a market cap of $1.10 billion, a P/E ratio of -58.63 and a beta of 1.07. Yext has a twelve month low of $4.29 and a twelve month high of $9.15. The company has a fifty day moving average price of $6.50 and a two-hundred day moving average price of $6.67.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. On average, equities research analysts expect that Yext will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Yext by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock worth $100,906,000 after buying an additional 204,329 shares during the last quarter. Lynrock Lake LP lifted its holdings in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock worth $71,951,000 after buying an additional 1,009,285 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Yext by 13.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company's stock worth $32,181,000 after buying an additional 614,960 shares during the last quarter. Tenzing Global Management LLC lifted its holdings in shares of Yext by 20.8% during the fourth quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock worth $16,138,000 after buying an additional 437,500 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 last quarter. 70.98% of the stock is currently 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.