Yext (NYSE:YEXT) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Yext (NYSE:YEXT - Free Report) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $10.00 price target on the stock.

Separately, Roth Mkm restated a "buy" rating and issued a $9.50 price target (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Trading Down 2.0%

Shares of YEXT stock traded down $0.18 during midday trading on Wednesday, reaching $8.79. 3,287,899 shares of the stock were exchanged, compared to its average volume of 925,697. Yext has a 1 year low of $4.29 and a 1 year high of $9.15. The firm has a market cap of $1.10 billion, a PE ratio of -58.63 and a beta of 1.07. The company's 50 day moving average is $6.45 and its two-hundred day moving average is $6.66.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Yext by 4.7% in the 1st quarter. Rhumbline Advisers now owns 155,596 shares of the company's stock worth $958,000 after acquiring an additional 7,047 shares during the last quarter. Strs Ohio purchased a new stake in Yext in the first quarter worth approximately $562,000. Millennium Management LLC bought a new stake in Yext in the 1st quarter worth approximately $3,964,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Yext by 1.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock worth $2,593,000 after purchasing an additional 4,802 shares during the period. Finally, Lynrock Lake LP raised its stake in Yext by 9.5% during the 1st quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock valued at $71,951,000 after buying an additional 1,009,285 shares during the last quarter. Institutional investors 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.