Yext (NYSE:YEXT) Shares Gap Up - What's Next?

Yext, Inc. (NYSE:YEXT - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.86, but opened at $7.25. Yext shares last traded at $6.93, with a volume of 168,246 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on YEXT shares. Roth Mkm reissued a "buy" rating and set a $9.50 price objective (down from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 target price on shares of Yext in a research note on Wednesday, May 21st.

Yext Stock Performance

The company has a market capitalization of $820.44 million, a PE ratio of -43.90 and a beta of 1.07. The firm's 50-day simple moving average is $6.35 and its 200 day simple moving average is $6.70.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $113.09 million for the quarter, compared to analysts' expectations of $112.77 million. As a group, equities analysts anticipate that Yext, Inc. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in YEXT. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yext by 28.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,984 shares of the company's stock worth $5,400,000 after acquiring an additional 186,639 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Yext during the 4th quarter worth about $2,219,000. JPMorgan Chase & Co. increased its position in Yext by 39.1% during the 4th quarter. JPMorgan Chase & Co. now owns 716,693 shares of the company's stock worth $4,558,000 after purchasing an additional 201,472 shares in the last quarter. King Luther Capital Management Corp increased its position in Yext by 24.9% during the 4th quarter. King Luther Capital Management Corp now owns 218,527 shares of the company's stock worth $1,390,000 after purchasing an additional 43,527 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Yext in the fourth quarter valued at approximately $1,336,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.