Yext (NYSE:YEXT) Hits New 52-Week Low at $5.22

Yext, Inc. (NYSE:YEXTGet Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $5.22 and last traded at $5.48, with a volume of 140761 shares trading hands. The stock had previously closed at $5.34.

Analysts Set New Price Targets

Separately, B. Riley cut their target price on shares of Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Yext currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.20.

Check Out Our Latest Report on YEXT

Yext Trading Up 3.4 %

The firm has a market capitalization of $759.21 million, a PE ratio of -304.00 and a beta of 1.27. The business’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $6.14.

Hedge Funds Weigh In On Yext

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its stake in shares of Yext by 129.1% in the 4th quarter. GSA Capital Partners LLP now owns 167,098 shares of the company’s stock worth $984,000 after buying an additional 94,151 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Yext by 18.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,337 shares of the company’s stock worth $102,000 after purchasing an additional 2,656 shares during the period. Legal & General Group Plc boosted its stake in shares of Yext by 2.1% during the 4th quarter. Legal & General Group Plc now owns 97,870 shares of the company’s stock worth $576,000 after purchasing an additional 2,019 shares during the period. Barclays PLC boosted its stake in shares of Yext by 152.9% during the 4th quarter. Barclays PLC now owns 220,803 shares of the company’s stock worth $1,302,000 after purchasing an additional 133,495 shares during the period. Finally, Needham Investment Management LLC boosted its stake in shares of Yext by 200.0% during the 4th quarter. Needham Investment Management LLC now owns 300,000 shares of the company’s stock worth $1,767,000 after purchasing an additional 200,000 shares during the period. 71.49% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

(Get Free Report)

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.

Further Reading

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