Yext (NYSE:YEXT) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $10.00 price target on the stock.

A number of other equities analysts have also weighed in on the company. DA Davidson lifted their price objective on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Roth Mkm reiterated a “buy” rating and issued a $10.50 price objective (up from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Trading Up 3.3 %

NYSE YEXT opened at $6.80 on Wednesday. The stock has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $6.59. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $8.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its stake in Yext by 18.2% during the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock worth $152,000 after purchasing an additional 3,384 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock worth $1,196,000 after purchasing an additional 3,409 shares in the last quarter. Rhumbline Advisers lifted its stake in Yext by 2.6% during the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock worth $945,000 after purchasing an additional 3,813 shares in the last quarter. Magnetar Financial LLC lifted its stake in Yext by 17.3% during the fourth quarter. Magnetar Financial LLC now owns 28,766 shares of the company’s stock worth $183,000 after purchasing an additional 4,245 shares in the last quarter. Finally, Amundi lifted its stake in Yext by 7.7% during the fourth quarter. Amundi now owns 59,877 shares of the company’s stock worth $391,000 after purchasing an additional 4,284 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.