Should investors be concerned about Yext Inc (YEXT)?

While Yext Inc has underperformed by -1.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, YEXT fell by -9.57%, with highs and lows ranging from $14.35 to $5.29, whereas the simple moving average fell by -23.15% in the last 200 days.

On June 28, 2023, B. Riley Securities started tracking Yext Inc (NYSE: YEXT) recommending Neutral.

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Analysis of Yext Inc (YEXT)

Further, the quarter-over-quarter increase in sales is 1.90%, showing a positive trend in the upcoming months.

Yext Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -9.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.26, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

The average volume for any stock is also a very valuable indicator of volatility, and YEXT has an average volume of 867.21K. On a monthly basis, the volatility of the stock is set at 3.11%, whereas on a weekly basis, it is put at 2.98%, with a gain of 5.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.83, showing growth from the present price of $6.05, which can serve as yet another indication of whether YEXT is worth investing in or should be passed over.

How Do You Analyze Yext Inc Shares?

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.86%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in YEXT shares?

The recent increase in stakes in YEXT appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in YEXT has increased by 1.36% in the first quarter. The company now owns 15,013,372 shares of the stock, with a value of $88.43 million, following the purchase of 201,170 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in YEXT during the first quarter, upping its stake by 2.01%. During the last quarter, the company picked up 142,307 additional shares for a total stake of worth $42.49 million, bringing number of shares owned by the company to 7,214,493.

During the first quarter, D. E. Shaw & Co. LP added a 516,553 position in YEXT. Lynrock Lake LP purchased an additional 2.91 million shares in the last quarter, increasing its holdings by 514.11%, now holding 3.47 million shares worth $20.46 million. At the end of the first quarter, Manulife Investment Management increased its YEXT holdings by 48.77% and now holds 3.2 million YEXT shares valued at $18.83 million with the added 1.05 million shares during the period. YEXT shares are owned by institutional investors to the tune of 61.47% at present.

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