Adversity is less terrifying than hope: Yext Inc. (YEXT)

Yext Inc. (NYSE: YEXT) stock jumped 4.59% on Wednesday to $5.47 against a previous-day closing price of $5.23. With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. The 52-week range on YEXT shows that it touched its highest point at $10.97 and its lowest point at $4.00 during that stretch. It currently has a 1-year price target of $5.91. Beta for the stock currently stands at 1.23.

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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 6.21%, but this was up by 4.39% over a month. Three-month performance surged to 19.96% while six-month performance rose 13.25%. The stock lost -46.84% in the past year, while it has lost -44.86% so far this year. A look at the trailing 12-month EPS for YEXT yields -0.73 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.01. This implies an EPS growth rate of 7.80% for this year and 144.40% for next year.

Float and Shares Shorts:

At present, 124.23 million YEXT shares are outstanding with a float of 110.13 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.11 million, which was 3.33% higher than short shares on Sep 14, 2022. In addition to Mr. Michael Walrath as the firm’s CEO & Chairman, Mr. Marc Ferrentino serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 72.80% of YEXT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.20% of YEXT, in contrast to 29.64% held by mutual funds. Shares owned by individuals account for 28.99%. As the largest shareholder in YEXT with 11.92% of the stake, The Vanguard Group, Inc. holds 14,719,081 shares worth 14,719,081. A second-largest stockholder of YEXT, BlackRock Fund Advisors, holds 7,962,015 shares, controlling over 6.45% of the firm’s shares. D. E. Shaw & Co. LP is the third largest shareholder in YEXT, holding 4,154,860 shares or 3.37% stake. With a 2.57% stake in YEXT, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,175,521 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.32% of YEXT stock, is the second-largest Mutual Fund holder. It holds 2,866,564 shares valued at 15.25 million. iShares Russell 2000 ETF holds 2.10% of the stake in YEXT, owning 2,594,883 shares worth 13.8 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YEXT since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 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 $6.00 and a low target of $5.25, the average target price over the next 12 months is $5.75. Based on these targets, YEXT could surge 9.69% to reach the target high and fall by -4.02% to reach the target low. Reaching the average price target will result in a growth of 5.12% 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 -$0.07 being high and -$0.12 being low. For YEXT, this leads to a yearly average estimate of -$0.09. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Yext Inc. surprised analysts by $0.02 when it reported -$0.03 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was $0.01. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded YEXT stock several times over the past three months with 22 Buys and 5 Sells. In these transactions, 181,637 shares were bought while 54,941 shares were sold. The number of buy transactions has increased to 106 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 1,035,056 while 314,563 shares were sold.

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