Yext (NYSE:YEXT) Receives $9.44 Average PT from Brokerages

Key Points

• Yext has received an average rating of "Moderate Buy" from five brokers, with two hold ratings and three buy ratings, along with an average price target of $9.4375.
• Hedge funds and institutional investors own 70.98% of Yext's stock, with significant stakes being increased by multiple firms in recent quarters.
• The company's stock opened at $9.10 and has experienced a 52-week range from a low of $4.73 to a high of $9.20, reflecting a growing interest in the company.

Shares of Yext (NYSE:YEXT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.4375.

Several research firms recently commented on YEXT. Wall Street Zen lowered shares of Yext from a "strong-buy" rating to a "buy" rating in a research note on Saturday. DA Davidson increased their price objective on Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday, June 5th. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and increased their price objective for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Finally, Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st.

Yext Stock Performance

NYSE YEXT traded down $0.13 on Friday, reaching $8.96. The company's stock had a trading volume of 1,150,356 shares, compared to its average volume of 858,641. Yext has a twelve month low of $4.73 and a twelve month high of $9.20. The stock has a market cap of $1.10 billion, a PE ratio of -49.76 and a beta of 1.01. The firm's 50 day moving average is $8.36 and its two-hundred day moving average is $7.28.

Institutional Trading of Yext

A number of hedge funds have recently bought and sold shares of YEXT. New Age Alpha Advisors LLC purchased a new stake in shares of Yext in the 1st quarter valued at approximately $43,000. Optas LLC purchased a new stake in shares of Yext in the 1st quarter valued at approximately $71,000. Martingale Asset Management L P lifted its position in shares of Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock valued at $88,000 after acquiring an additional 2,002 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Yext in the first quarter valued at $90,000. Finally, 111 Capital purchased a new stake in shares of Yext in the second quarter valued at $100,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.