Yext (NYSE:YEXT) Trading Up 4.2% - What's Next?

Yext, Inc. (NYSE:YEXT - Get Free Report)'s stock price was up 4.2% during mid-day trading on Tuesday . The stock traded as high as $6.78 and last traded at $6.76. Approximately 333,106 shares changed hands during trading, a decline of 63% from the average daily volume of 891,903 shares. The stock had previously closed at $6.48.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YEXT. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Yext in a research report on Thursday, April 3rd. Roth Mkm reiterated 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.

Yext Trading Up 0.2 %

The firm has a market capitalization of $840.49 million, a PE ratio of -44.30 and a beta of 1.20. The business's 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.75.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share 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 analyst estimates of $112.77 million. Analysts forecast that Yext, Inc. will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Yext

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in Yext by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock worth $2,029,000 after buying an additional 2,776 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Yext by 1.8% in the 4th quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock valued at $1,196,000 after buying an additional 3,409 shares in the last quarter. Rhumbline Advisers boosted its stake in Yext by 2.6% in the 4th quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock worth $945,000 after purchasing an additional 3,813 shares during the period. Magnetar Financial LLC increased its position in shares of Yext by 17.3% in the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company's stock valued at $183,000 after acquiring an additional 4,245 shares during the last quarter. Finally, Amundi lifted its position in shares of Yext by 7.7% in the fourth quarter. Amundi now owns 59,877 shares of the company's stock valued at $391,000 after buying an additional 4,284 shares during 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.