Yext (NYSE:YEXT) Raised to “Buy” at B. Riley

Yext (NYSE:YEXT) was upgraded by equities research analysts at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $10.00 price target on the stock. B. Riley’s target price suggests a potential upside of 47.28% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down previously from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Price Performance

Shares of NYSE:YEXT opened at $6.79 on Wednesday. Yext has a 1-year low of $4.29 and a 1-year high of $8.75. The company has a market capitalization of $845.98 million, a P/E ratio of -45.27 and a beta of 1.07. The firm’s 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $6.65.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The firm had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. On average, sell-side analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yext

Several hedge funds have recently modified their holdings of YEXT. New Age Alpha Advisors LLC purchased a new position in Yext during the first quarter valued at $43,000. KBC Group NV purchased a new position in shares of Yext during the fourth quarter valued at about $47,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Yext during the fourth quarter valued at about $64,000. EntryPoint Capital LLC bought a new stake in shares of Yext in the fourth quarter worth about $67,000. Finally, Virtu Financial LLC bought a new stake in shares of Yext in the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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.