Yext (NYSE:YEXT) Reaches New 12-Month High - Time to Buy?

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

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

Wall Street Analysts Forecast Growth

YEXT has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Yext in a report on Monday. B. Riley upgraded shares of Yext from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a report on Wednesday, June 4th. Finally, DA Davidson raised their target price on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a report on Thursday, June 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Trading Up 1.5%

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -49.80 and a beta of 1.06. The company's 50 day simple moving average is $8.24 and its 200-day simple moving average is $7.16.

Institutional Investors Weigh In On Yext

Several hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P boosted its position in shares of Yext by 16.4% in the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock worth $88,000 after acquiring an additional 2,002 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Yext by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock worth $2,029,000 after acquiring an additional 2,776 shares during the last quarter. Entropy Technologies LP boosted its position in shares of Yext by 24.3% in the first quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock worth $104,000 after acquiring an additional 3,298 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Yext by 19.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company's stock worth $216,000 after acquiring an additional 4,060 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Yext by 2.9% in the second quarter. Rhumbline Advisers now owns 160,040 shares of the company's stock worth $1,360,000 after acquiring an additional 4,444 shares during the last quarter. 70.98% of the stock is 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.