Yext (NYSE:YEXT) Given Average Recommendation of “Moderate Buy” by Analysts

Yext (NYSE:YEXT) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.4375.

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Monday, August 18th. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. B. Riley upgraded shares of Yext from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.00 to $10.00 in a report on Wednesday, June 4th. Finally, DA Davidson lifted their price target on shares of Yext from $7.50 to $8.25 and gave the company a “neutral” rating in a report on Thursday, June 5th.

Yext Stock Down 0.1%

YEXT stock opened at $8.83 on Wednesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -73.54 and a beta of 1.01. The company has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $7.53. Yext has a one year low of $5.51 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Hedge Funds Weigh In On Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lynrock Lake LP lifted its holdings in shares of Yext by 9.5% during the 1st quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock valued at $71,951,000 after acquiring an additional 1,009,285 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Yext by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after acquiring an additional 371,253 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Yext by 13.3% during 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 acquiring an additional 614,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yext by 57.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after acquiring an additional 595,819 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Yext by 10.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,248,638 shares of the company’s stock valued at $10,613,000 after acquiring an additional 114,074 shares in the last quarter. Institutional investors and hedge funds 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.