Yext (NYSE:YEXT) Shares Gap Up - Still a Buy?

Yext, Inc. (NYSE:YEXT - Get Free Report) shares gapped up before the market opened 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 traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YEXT. Roth Mkm reiterated a "buy" rating and set a $9.50 target price (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of Yext in a report on Wednesday.

Yext Stock Performance

The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $6.71. The company has a market cap of $820.44 million, a P/E ratio of -43.90 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (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 firm had revenue of $113.09 million for the quarter, compared to analyst estimates of $112.77 million. As a group, equities research analysts predict that Yext, Inc. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Yext by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,865,674 shares of the company's stock worth $100,906,000 after acquiring an additional 204,329 shares during the last quarter. Lynrock Lake LP lifted its holdings in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock valued at $71,951,000 after purchasing an additional 1,009,285 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Yext by 13.3% in 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 purchasing an additional 614,960 shares during the period. Tenzing Global Management LLC boosted its position in shares of Yext by 20.8% in the 4th quarter. Tenzing Global Management LLC now owns 2,537,500 shares of the company's stock valued at $16,138,000 after purchasing an additional 437,500 shares during the period. Finally, Geode Capital Management LLC increased its stake in Yext by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,412,319 shares of the company's stock worth $15,347,000 after purchasing an additional 27,452 shares in the last quarter. 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.