If you’re on the hunt for stocks to watch today, Yext, Inc. (NYSE:YEXT) is a stock to give close attention to. The company shares are trading 3.91% or 0.81 points up from last closing price of $20.72, reaching $21.53 at last check. The YEXT share price has risen in 4 of the last 5 days and is up 39.62% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 20,975 shares, and in total 371075 shares valued at $7.989 million were seen changing hands compared with 350100 shares valued at $7.254 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the YEXT stock.
Yext, Inc. (YEXT) shares have notched a 3-month gain of about 39.62%, but has still advanced 39.53% year to date. By comparison, the stock added 57.81% over the past 12 months, while it slipped -2.13% over the 1 month. The company’s market cap is around $2.23B, with its short interest ratio standing at 4.62%.
In the current trading session for YEXT, the stock witnessed two major price actions, it rose to a high of $21.65 and was down as much as $20.8 at one point. The high recorded is very low when compared to their 52-week high which is $12.9. The 52-week high is now at -20.77 distance from current price. Their recent low of $27.19 represents a 66.99% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for YEXT is $24.71, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Yext, Inc. earned $-0.76 per share in the trailing 12 months and has a P/E ratio of -28.33. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 35.65 and lower compared to the sector’s average of 11.78. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. YEXT also has P/S multiple of 10.16. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 8.21x.
The company recorded an interesting insider sale transaction by the President on Apr 25, 2019. A Securities and Exchanges Commission filings show that Brian Distelburger sold a total of 110,000 YEXT shares that day for a sum of around $2,241,800. Yext, Inc. (YEXT) insiders have acquired 3,734 shares in the stock within the past three months. In total, individual insiders traded 894,356 shares in the business, which makes up 21.836% of 4,095,878 shares that were traded over a year. In the past 12 months, insiders have purchased 190,699 shares while the seller parted with 3,905,179 shares.
YEXT‘s last price was up 9.19% as compared to the average trading price of 50 days recorded at $19.72 while enlarging the period to 200 trading days, the average closing price was $20.79. At present, there are 107.75 million in the total number of common shares owned by the public and among those 89.34 million shares have been available to trade. The percentage of shares being held by the company management was 7.9% while institutions stake was 75%. The company has generated negative returns on equity over the last 12 months (-95.8%). It managed to keep its gross profit margin at 74.9% over the past 12 months.
When assessing the full upside of the YEXT stock, there is another set of technicals that should be looked into and considered. Its 1.19% gain from moving average of $21.28 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Yext, Inc. — 5 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $23 on shares of Yext, Inc. (NYSE:YEXT), which corresponds to 6.83% upside potential than its current market price of $21.53 and implies potential despite the recent advance in the price. However, their current target price has fallen from $23 a month ago and is up handily from the consensus target of $22.5714 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 5%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 32.1%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards YEXT stock. BNP Paribas Arbitrage SA added position in the company after it grew 48.3% or 12,845 shares of its common stock. The hedge fund now owns 19,049 shares worth $410,125, SEC documents show. Los Angeles Capital Management & Equity Research Inc. shored up assets in the stock as 31166.67 shares have been purchased, increasing its stake by 50% to 46,750 shares which are currently valued at $1,006,528. In addition, Pier Capital LLC recently reported that it now owns 343,763 shares making a total of $7,401,217 based on the recent price. This refelects a change of -28.4% in their ownership.