The Vanguard Group, Inc. has recently announced that it has increased stake in Yext Inc (NYSE:YEXT) by 1.36%. After grabbing 15.01 million shares, the institutional investor is now in possession of 0.2 million shares of the Technology Company. The new investment brought the stake of investor firm to 12.06% having worth around $90.53 million. Moreover, BlackRock Fund Advisors increased its share by 0.14 million to have a control over 7.21 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.52 million shares by acquiring 4.39 million shares or 3.53% of the stake.
Yext Inc (YEXT) concluded trading on 12/06/23 at a closing price of $5.53, with 6.53 million shares of worth about $36.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -58.39% during that period and on Wednesday the price saw a loss of about -21.11%. Currently the company’s common shares owned by public are about 122.33M shares, out of which, 101.13M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the YEXT stock and their offered price forecasts bring an average price target of $7.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $6.50. The stock’s current price level is 48.94% above of average price target set by the analysts, while a rise to estimated low would result in gain of 14.92% for the stock. However, touching the estimated high of $9.00 would mean a gain of 38.56% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 101 times over the past 12 months. They bought 1,017,480 shares in 79 of the transactions. In 22 selling transactions, insiders dumped 410,677 shares.
Vanguard Total Stock Market ETF, John Hancock Small Cap Core Fund, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Yext Inc Vanguard Total Stock Market ETF is currently holding 3.17 million shares of worth totaling $19.13 million. The company recently came buying 0.0 shares which brought its stake up to 2.55% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after buying 2.55 million shares, have now control over 2.05% of the stake in the company. It holds 1236.0 shares of worth $15.38 million.
Yext Inc (NYSE: YEXT) started trading at $5.735, below -$1.27 from concluding price of the previous day. However, the stock later moved at a day high price of 6.00, or with a loss of -21.11%. Stock saw a price change of -16.47% in past 5 days and over the past one month there was a price change of -11.09%. Year-to-date (YTD), YEXT shares are showing a performance of -15.31% which decreased to -9.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.73 but also hit the highest price of $14.35 during that period. The average intraday trading volume for Yext Inc shares is 1.07 million. The stock is currently trading -16.41% below its 20-day simple moving average (SMA20), while that difference is down -12.36% for SMA50 and it goes to -33.74% lower than SMA200.
The Vanguard Group, Inc. acquired 15.01 million shares of Yext Inc having value of about $90.53 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.2 million shares in the company valued at close to $1112470.1, or have control over 1.36% stake in the company. Yext Inc (NYSE: YEXT) currently have 122.33M outstanding shares and institutions hold larger chunk of about 61.12% of that. Holding of mutual funds in the company is about 32.44% while other institutional holders and individual stake holders have control over 33.63% and 28.15% of the stake respectively.
The stock has a current market capitalization of $688.37M and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$0.10 in the same period. It has Quick Ratio of 1.26 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for YEXT, volatility over the week remained 5.26% while standing at 3.59% over the month.
Analysts are in expectations that Yext Inc (YEXT) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1612.50% while it is estimated to decrease by -6.78% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Yext Inc (YEXT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 5 Wall Street analysts, 1 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on June 28, 2023 offering a Neutral rating for the stock and assigned a target price of $11 to it.
