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Saturday, December 2, 2023

The Street Is Finally Waking Up To Yext Inc (NYSE: YEXT)

After Hours

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. After-hours trades for Yext Inc (YEXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.16%, to $6.45. The Yext Inc has recorded 20,161 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Yext Named a Major Player in IDC MarketScape: General-Purpose Knowledge Discovery Software 2023 Vendor Assessment.

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Stocks Info

Yext Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $6.44 and fluctuated between $6.45 as its day high and $6.18 as its day low. The current market capitalization of Yext Inc is $801.65M. A total of 0.69 million shares were traded on the day, compared to an average of 1.12M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, YEXT has seen 14 BUY and 5 SELL insider trades, representing the acquisition of 171,414 and the disposition of 82,457 shares. Over the last 12 months, there were 78 BUYs and 22 SELLs from insiders. Insiders purchased 995,481 shares during that period but sold 410,677.

In the most recent transaction, Shin Ho sold 15,000 shares of YEXT for 6.20 per share on Sep 22. After the transaction, the General Counsel now owns 112,477 company shares. In a previous transaction on Jul 07, Shin Ho sold 6,000 shares at 10.27 per share. YEXT shares that General Counsel owns now total 114,224.

Among the insiders who sold shares, Distelburger Brian disposed of 45,625 shares on Dec 27 at a per-share price of $6.13. This resulted in the Director holding 3,070,805 shares of YEXT after the transaction. In another insider transaction, Distelburger Brian sold 22,800 shares at $6.13 per share on Dec 23. Company shares held by the Director now total 3,116,430.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for YEXT in the last 3 months, the mean price target is $10.83 with high estimates of $12.50 and low estimates of $9.00. In terms of 52-week highs and lows, YEXT has a high of $14.35 and a low of $4.97.

As of this writing, YEXT has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.06. The company reported an EPS of $0.09 in the last quarter, which was 80.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $1.12, while its Total Shareholder’s Equity was $211.87M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.50.

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