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Tuesday, June 6, 2023

Is Yext Inc. (NYSE: YEXT) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Yext Inc. (YEXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 1.38%, to $8.10. The Yext Inc. has recorded 21,533 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Yext Strengthens its Digital Experience Platform with Powerful New AI-Enabled Features in the Spring ‘23 Release.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $7.99 and fluctuated between $8.33 as its day high and $7.94 as its day low. The current market capitalization of Yext Inc. is $1.01B. A total of 0.88 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, YEXT has seen 20 BUY and 4 SELL insider trades, representing the acquisition of 186,512 and the disposition of 52,607 shares. Over the last 12 months, there were 86 BUYs and 21 SELLs from insiders. Insiders purchased 870,472 shares during that period but sold 362,337.

In the most recent transaction, Distelburger Brian sold 45,625 shares of YEXT for 6.13 per share on Dec 27. After the transaction, the Director now owns 3,070,805 company shares. In a previous transaction on Dec 23, Distelburger Brian sold 22,800 shares at 6.13 per share. YEXT shares that Director owns now total 3,116,430.

Among the insiders who sold shares, Shin Ho disposed of 20,000 shares on Dec 20 at a per-share price of $6.41. This resulted in the General Counsel holding 84,471 shares of YEXT after the transaction. In another insider transaction, Richardson Julie bought 10,000 shares at $6.13 per share on Dec 05. Company shares held by the Director now total 81,409.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for YEXT in the last 3 months, the mean price target is $9.25 with high estimates of $10.00 and low estimates of $8.50. In terms of 52-week highs and lows, YEXT has a high of $9.88 and a low of $4.00.

As of this writing, YEXT has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.04. The company reported an EPS of $0.02 in the last quarter, which was 300.00% higher than expectations of -$0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. YEXT’s latest balance sheet shows that the firm has $261.21M in Cash & Short Term Investments as of fiscal 2022. There were $132.62M in debt and $290.70M in liabilities at the time. Its Book Value Per Share was $1.05, while its Total Shareholder’s Equity was $211.87M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for YEXT is Buy with a score of 3.00.

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