Yext Inc. (NYSE: YEXT): Stock That Needs Special Handling


    Baillie Gifford & Co. recently announced the acquisition of new stake in Yext Inc. (NYSE:YEXT). The institutional investor has increased its shareholding in the Technology company by 0.92% to 10.68 million shares with purchase of 97431.0 shares. This fresh investment now brings its stake to 9.07% valued currently at $177.46 million. In addition, Capital Research & Management Co. raised its holdings by 0.3 million to 9.52 million shares. And Champlain Investment Partners LLC has lifted its position by 6.56% or 0.51 million shares – to 8.36 million shares.

    With over 0.51 million Yext Inc. (YEXT) shares trading Wednesday and a closing price of $16.63 on the day, the dollar volume was approximately $8.43 million. The shares have shown a negative weekly performance of -3.42% and its price on 07/28/20 gained nearly 3.16%. Currently, there are 116.61M common shares owned by the public and among those 100.40M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for YEXT have a consensus price objective of $19.17. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $12.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Yext Inc. stock is 2.20 for the next 12 months. The average price target is 10.11% above its last price level and an upside to the estimated low will see the stock lose -38.58% over that period. But an upside of 33.48% will see the stock hit the forecast high price target while mean target price for the stock is $18.50.

    Insiders at the company have transacted a total of 305 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 114 of these insider trades were purchases, accounting for 1,465,741 shares. Insider sales of the common stock occurred on 191 occasions, with total insider shares sold totaling 1,992,503 shares.

    The top 3 mutual fund holders in Yext Inc. are American Funds Small Cap World Fu, Janus Henderson Triton Fund, and Advisors Inner Circle II – Champl. American Funds Small Cap World Fu owns 8.66 million shares of the company’s stock, all valued at over $143.86 million. Janus Henderson Triton Fund bought 0.38 million shares to see its total holdings expand to 4.96 million shares valued at over $82.4 million and representing 4.21% of the shares outstanding. Advisors Inner Circle II – Champl bought 0.26 million shares to bring its total holdings to over 3.19 million shares at a value of $52.9 million. Advisors Inner Circle II – Champl now owns shares totaling to 2.71% of the shares outstanding.

    Shares of Yext Inc. (NYSE: YEXT) opened at $16.34, up $0.22 from a prior closing price of $16.12. However, the script later closed the day at $16.63, up 3.16%. The company’s stock has a 5-day price change of -3.42% and 33.22% over the past three months. YEXT shares are trading 11.79% year to date (YTD), with the 12-month market performance down to -23.46% lower. It has a 12-month low price of $8.56 and touched a high of $22.65 over the same period. Currently, 0.51 million shares have been traded, compared to an average intraday trading volume of 1.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.59%, 1.72%, and 12.26% respectively.

    Institutional ownership of Yext Inc. (NYSE: YEXT) shares accounts for 80.50% of the company’s 116.61M shares outstanding. Mutual fund holders own 31.92%, while other institutional holders and individual stakeholders account for 50.57% and 15.97% respectively.

    It has a market capitalization of $1.92B. The earnings-per-share (ttm) stands at -$1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 4.59% over the month.

    Analysts forecast that Yext Inc. (YEXT) will achieve an EPS of -$0.12 for the current quarter, -$0.13 for the next quarter and -$0.31 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -43.00%, and 31.10% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -40.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Yext Inc. (YEXT) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the YEXT, a number of firms have released research notes about the stock. MKM Partners stated their Buy rating for the stock in a research note on June 25, 2020, with the firm’s price target at $25. William Blair coverage for the Yext Inc. (YEXT) stock in a research note released on June 23, 2020 offered a Outperform rating with a price target of. Needham was of a view on June 10, 2020 that the stock is Buy, while Berenberg gave the stock Hold rating on June 09, 2020, issuing a price target of $15. Oppenheimer on their part issued Outperform rating on December 06, 2019.


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