Sunday, June 26, 2022

The Attractiveness of Investing In Yext Inc. (YEXT) is Growing

Yext Inc.’s recent filing unveils that its General Counsel Shin Ho unloaded Company’s shares for reported $40067.0 on Mar 21. In the deal valued at $6.58 per share,6,090 shares were sold. As a result of this transaction, Shin Ho now holds 57,662 shares worth roughly $ 0.3 million.


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Then, Rudnitsky David sold 11,638 shares, generating $76,568 in total proceeds. Upon selling the shares at $6.58, the President & CRO now owns 161,239 shares.

Before that, Lerman Howard sold 16,069 shares. Yext Inc. shares valued at $105,720 were divested by the Chief Executive Officer at a price of $6.58 per share. As a result of the transaction, Lerman Howard now holds 3,256,457 shares, worth roughly $17.13 million.

Following these proceedings, Truist downgraded its Yext Inc. [YEXT] rating to a Hold from a a Buy in a research note published on Tuesday, March 09, 2022; the price target was decreased to $6 from $17. PT values the company’s stock at a premium of 12.33 to its Tuesday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Hold”. DA Davidson also remained covering YEXT and has decreased its forecast on March 09, 2022 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on March 04, 2021. It rated YEXT as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of YEXT

On Tuesday, Yext Inc. [NYSE:YEXT] saw its stock jump 1.35% to $5.26. On the same session, the stock had its day’s lowest price of $5.25, but rose to a high of $5.52. Over the last five days, the stock has lost -5.23%. Yext Inc. shares have fallen nearly -46.98% since the year began. Nevertheless, the stocks have fallen -61.75% over the past one year. While a 52-week high of $15.11 was reached on 01/03/22, a 52-week low of $4.26 was recorded on 03/09/22. SMA at 50 days reached $5.48, while 200 days put it at $8.69. A total of 2.24 million shares were traded, compared to the trading of 1.79 million shares in the previous session.

Levels Of Support And Resistance For YEXT Stock

The 24-hour chart illustrates a support level at 5.17, which if violated will result in even more drops to 5.07. On the upside, there is a resistance level at 5.44. A further resistance level may holdings at 5.61. The Relative Strength Index (RSI) on the 14-day chart is 48.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.62%. Stochastics %K at 33.02% indicates the stock is a holding.

Yext Inc. [YEXT] – Who Are The Largest Shareholders?

At present, Fidelity Management & Research Co is holding 2,982,634 shares valued at $15.15 million. SSgA Funds Management, Inc. owned 2,647,424 shares of the company at the time of its most recent 13F filing, worth $13.45 million.

According to FactSet, Yext Inc.’s share price will average $6.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.61 percent from its previous closing price of $5.19. Analysts expect Yext Inc. stock to reach the higher price of $6.40, while the lowest price estimate is $6.00. However, 4 analysts have rated YEXT stock as a Hold in their predictions for 2022. The most recent change occurred on June 25, 2020 when MKM Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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