Yext Inc. (NYSE: YEXT) stock jumped 5.56% on Friday to $4.75 against a previous-day closing price of $4.50. With 1.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.44 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $4.7500 whereas the lowest price it dropped to was $4.5000. The 52-week range on YEXT shows that it touched its highest point at $14.07 and its lowest point at $4.20 during that stretch. It currently has a 1-year price target of $6.60. Beta for the stock currently stands at 1.35.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of YEXT was up-trending over the past week, with a rise of 7.22%, but this was down by -6.31% over a month. Three-month performance dropped to -19.76% while six-month performance fell -42.42%. The stock lost -62.63% in the past year, while it has lost -52.12% so far this year. A look at the trailing 12-month EPS for YEXT yields -0.79 with Next year EPS estimates of -0.00. For the next quarter, that number is -0.05. This implies an EPS growth rate of 7.80% for this year and 47.10% for next year.
Float and Shares Shorts:
At present, 131.14 million YEXT shares are outstanding with a float of 110.26 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.13 million, which was 3.34% higher than short shares on Jun 14, 2022. In addition to Mr. Michael Walrath as the firm’s CEO & Chairman, Mr. Marc Ferrentino serves as its Pres & COO.
Through their ownership of 74.52% of YEXT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.34% of YEXT, in contrast to 33.09% held by mutual funds. Shares owned by individuals account for 32.06%. As the largest shareholder in YEXT with 11.16% of the stake, The Vanguard Group, Inc. holds 13,789,768 shares worth 13,789,768. A second-largest stockholder of YEXT, BlackRock Fund Advisors, holds 8,087,405 shares, controlling over 6.54% of the firm’s shares. Champlain Investment Partners LLC is the third largest shareholder in YEXT, holding 6,203,525 shares or 5.02% stake. With a 2.81% stake in YEXT, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,472,823 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.42% of YEXT stock, is the second-largest Mutual Fund holder. It holds 2,994,352 shares valued at 14.31 million. Advisors Inner Circle II – Champl holds 2.28% of the stake in YEXT, owning 2,815,000 shares worth 13.46 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YEXT since 4 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YEXT analysts setting a high price target of $6.40 and a low target of $6.00, the average target price over the next 12 months is $6.13. Based on these targets, YEXT could surge 34.74% to reach the target high and rise by 26.32% to reach the target low. Reaching the average price target will result in a growth of 29.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. YEXT will report FY 2023 earnings on 03/08/2023. Analysts have provided yearly estimates in a range of -$0.11 being high and -$0.12 being low. For YEXT, this leads to a yearly average estimate of -$0.12. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Yext Inc. surprised analysts by $0.01 when it reported -$0.06 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.05.
Summary of Insider Activity:
Insiders traded YEXT stock several times over the past three months with 24 Buys and 5 Sells. In these transactions, 221,794 shares were bought while 71,947 shares were sold. The number of buy transactions has increased to 109 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 1,059,575 while 362,186 shares were sold.