Yext (NYSE:YEXT) Sets New 12-Month High - Should You Buy?

Key Points

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Yext (NYSE:YEXT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.16 and last traded at $8.80, with a volume of 5175506 shares traded. The stock had previously closed at $8.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on YEXT shares. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Yext in a research note on Monday, August 18th. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research note on Thursday. B. Riley raised Yext from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.00 to $10.00 in a research note on Wednesday, June 4th. Finally, DA Davidson boosted their price objective on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Yext currently has an average rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Stock Up 1.5%

The company has a market cap of $1.10 billion, a PE ratio of -49.80 and a beta of 1.06. The stock has a 50-day simple moving average of $8.25 and a 200 day simple moving average of $7.18.

Institutional Investors Weigh In On Yext

Several institutional investors and hedge funds have recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in Yext during the 1st quarter worth about $43,000. Optas LLC purchased a new stake in Yext during the 1st quarter worth about $71,000. Martingale Asset Management L P increased its holdings in Yext by 16.4% during the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock worth $88,000 after purchasing an additional 2,002 shares during the period. Ieq Capital LLC purchased a new stake in Yext during the 1st quarter worth about $90,000. Finally, 111 Capital purchased a new stake in Yext during the 2nd quarter worth about $100,000. Hedge funds and other institutional investors 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.