Is Yext Inc (NYSE: YEXT) Hit More of the Losses Given A -136.41% Dip From High?

During the last session, Yext Inc (NYSE:YEXT)’s traded shares were 1.55 million, with the beta value of the company hitting 1.26. At the end of the trading day, the stock’s price was $6.07, reflecting an intraday gain of 3.23% or $0.19. The 52-week high for the YEXT share is $14.35, that puts it down -136.41 from that peak though still a striking 14.0% gain since the share price plummeted to a 52-week low of $5.22. The company’s market capitalization is $757.96M, and the average intraday trading volume over the past 10 days was 0.84 million shares, and the average trade volume was 809.52K shares over the past three months.

Yext Inc (NYSE:YEXT) trade information

Yext Inc (YEXT) registered a 3.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.23% in intraday trading to $6.07, hitting a weekly high. The stock’s 5-day price performance is 2.02%, and it has moved by -0.98% in 30 days. Based on these gigs, the overall price performance for the year is -36.84%. The short interest in Yext Inc (NYSE:YEXT) is 2.04 million shares and it means that shorts have 1.92 day(s) to cover.

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Yext Inc (YEXT) estimates and forecasts

Statistics show that Yext Inc has underperformed its competitors in share price, compared to the industry in which it operates. Yext Inc (YEXT) shares have gone down -2.88% during the last six months, with a year-to-date growth rate less than the industry average at 9.09% against 17.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -33.30% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $96.32 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $98.42 million by the end of Jul 2024.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 51.13%. While earnings are projected to return 4.55% in 2024.

YEXT Dividends

Yext Inc is due to release its next quarterly earnings between June 04 and June 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Yext Inc (NYSE:YEXT)’s Major holders

Yext Inc insiders own 9.57% of total outstanding shares while institutional holders control 72.68%, with the float percentage being 80.37%. Vanguard Group Inc is the largest shareholder of the company, while 260 institutions own stock in it. As of Jun 29, 2023, the company held over 15.12 million shares (or 12.14% of all shares), a total value of $170.96 million in shares.

The next largest institutional holding, with 11.47 million shares, is of Lead Edge Capital Management, Llc’s that is approximately 9.22% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $129.77 million.

Also, the Mutual Funds coming in first place with the largest holdings of Yext Inc (YEXT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 3.17 million shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $35.88 million market value. The same data shows that the other fund manager holds slightly less at 2.57 million, or about 2.06% of the stock, which is worth about $29.04 million.