Yext (NYSE:YEXT) Stock Price Up 5.5% – Here’s What Happened

Yext, Inc. (NYSE:YEXT) shares were up 5.5% during mid-day trading on Monday . The stock traded as high as $6.71 and last traded at $6.68. Approximately 159,690 shares changed hands during trading, a decline of 79% from the average daily volume of 760,964 shares. The stock had previously closed at $6.33.

Analyst Ratings Changes

A number of research firms have recently issued reports on YEXT. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a report on Thursday, January 16th. DA Davidson boosted their price objective on Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm reiterated a “buy” rating and set a $10.50 price target (up previously from $7.50) on shares of Yext in a report on Tuesday, December 10th.

Yext Price Performance

The firm has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $6.48. The company has a market cap of $854.42 million, a price-to-earnings ratio of -44.63 and a beta of 1.26.

Institutional Investors Weigh In On Yext

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Yext in the 3rd quarter valued at approximately $38,000. KBC Group NV purchased a new position in shares of Yext during the fourth quarter worth $47,000. Canada Pension Plan Investment Board acquired a new stake in shares of Yext in the second quarter valued at $62,000. Quantinno Capital Management LP purchased a new stake in shares of Yext in the 3rd quarter valued at $76,000. Finally, Balboa Wealth Partners acquired a new position in Yext during the 3rd quarter worth about $114,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.