Yext (NYSE:YEXT) Price Target Lowered to $5.50 at DA Davidson

Yext (NYSE:YEXTFree Report) had its price objective lowered by DA Davidson from $7.25 to $5.50 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently weighed in on YEXT. Needham & Company LLC reissued a hold rating on shares of Yext in a report on Monday. Roth Mkm restated a buy rating and set a $8.00 price target on shares of Yext in a research note on Tuesday. Finally, B. Riley cut their price target on Yext from $9.00 to $8.00 and set a neutral rating for the company in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $8.50.

View Our Latest Analysis on YEXT

Yext Trading Down 0.8 %

YEXT stock opened at $5.15 on Tuesday. The company has a market capitalization of $643.07 million, a P/E ratio of -103.00 and a beta of 1.22. Yext has a twelve month low of $4.29 and a twelve month high of $13.96. The business has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $5.76.

Institutional Investors Weigh In On Yext

Several large investors have recently modified their holdings of YEXT. Barclays PLC raised its stake in shares of Yext by 69.5% during the third quarter. Barclays PLC now owns 87,308 shares of the company’s stock worth $553,000 after purchasing an additional 35,808 shares during the last quarter. Swiss National Bank raised its position in Yext by 8.7% in the third quarter. Swiss National Bank now owns 231,800 shares of the company’s stock worth $1,467,000 after acquiring an additional 18,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Yext by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 921,585 shares of the company’s stock worth $5,834,000 after acquiring an additional 61,136 shares in the last quarter. HighTower Advisors LLC purchased a new position in Yext in the third quarter worth $426,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Yext in the third quarter worth $32,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Company Profile

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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.

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