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Yext Inc. (NYSE: YEXT) Has Slid Negatively For The Year To Date, Predicting What Will Happen Next

Yext Inc. (NYSE:YEXT)’s traded shares stood at 1.5 million during the last session, with the company’s beta value hitting 1.10. At the close of trading, the stock’s price was $9.48, to imply a decrease of -0.42% or -$0.04 in intraday trading. The YEXT share’s 52-week high remains $9.80, putting it -3.38% down since that peak but still an impressive 57.81% since price per share fell to its 52-week low of $4.00. The company has a valuation of $1.24B, with an average of 2.01 million shares in intraday trading volume over the past 10 days and average of 1.08 million shares over the past 3 months.

Yext Inc. (NYSE:YEXT) trade information

After registering a -0.42% downside in the last session, Yext Inc. (YEXT) has traded red over the past five days. The stock hit a weekly high of 9.80 this Thursday, 03/16/23, dropping -0.42% in its intraday price action. The 5-day price performance for the stock is 3.83%, and 30.76% over 30 days. With these gigs, the year-to-date price performance is 45.18%. Short interest in Yext Inc. (NYSE:YEXT) saw shorts transact 2.85 million shares and set a 3.22 days time to cover.

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Yext Inc. (YEXT) estimates and forecasts

Looking at statistics comparing Yext Inc. share performance against respective industry, we note that the company has outperformed competitors. Yext Inc. (YEXT) shares are 95.06% up over the last 6 months, with its year-to-date growth rate higher than industry average at 950.00% against 17.60%. Revenue is forecast to grow 200.00% this quarter before jumping 150.00% for the next one. The rating firms project that company’s revenue will grow 2.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $100.39 million. Meanwhile, for the quarter ending Apr 2023, a total of 3 analyst(s) estimate revenue growth to $101.09 million.Earnings reports from the last fiscal year show that sales brought in $100.93 million and $98.8 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.50% before jumping 2.30% in the following quarter.

YEXT Dividends

Yext Inc. has its next earnings report out between June 06 and June 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Yext Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Yext Inc. (NYSE:YEXT)’s Major holders

Yext Inc. insiders hold 10.90% of total outstanding shares, with institutional holders owning 67.08% of the shares at 75.29% float percentage. In total, 67.08% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 15.0 million shares (or 12.29% of shares), all amounting to roughly $66.91 million.

The next major institution holding the largest number of shares is Lead Edge Capital Management, LLC with 11.47 million shares, or about 9.40% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $51.18 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Yext Inc. (YEXT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 3.18 million shares. This is just over 2.60% of the total shares, with a market valuation of $14.16 million. Data from the same date shows that the other fund manager holds a little less at 2.82 million, or 2.31% of the shares, all valued at about 12.6 million.

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