Yext (NYSE:YEXT) Sets New 12-Month High - Still a Buy?

Shares of Yext, Inc. (NYSE:YEXT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.15 and last traded at $8.96, with a volume of 1390089 shares traded. The stock had previously closed at $6.82.

Analyst Upgrades and Downgrades

YEXT has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday. B. Riley raised Yext from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.00 to $10.00 in a research note on Wednesday. Roth Mkm reissued a "buy" rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Wednesday.

Yext Price Performance

The stock has a market capitalization of $1.11 billion, a P/E ratio of -59.20 and a beta of 1.07. The stock's fifty day moving average is $6.50 and its two-hundred day moving average is $6.67.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.06) EPS 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 analyst estimates of $112.77 million. Analysts expect that Yext, Inc. will post -0.12 EPS for the current year.

Institutional Trading of Yext

A number of hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC purchased a new position in shares of Yext during the fourth quarter valued at $13,026,000. Arrowstreet Capital Limited Partnership lifted its stake in Yext by 160.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,758,394 shares of the company's stock worth $11,183,000 after acquiring an additional 1,082,153 shares in the last quarter. Lynrock Lake LP boosted its position in Yext by 9.5% during the 1st quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock worth $71,951,000 after acquiring an additional 1,009,285 shares during the period. Millennium Management LLC purchased a new position in Yext during the 1st quarter valued at about $3,964,000. Finally, The Manufacturers Life Insurance Company grew its stake in Yext by 13.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company's stock valued at $32,181,000 after acquiring an additional 614,960 shares in the last quarter. Hedge funds and other 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.