Bank of America Corp DE Buys 354,495 Shares of Yext $YEXT

Key Points

• Bank of America increased its Yext stake by 246.1% in the first quarter, adding 354,495 shares for a total of 498,564 shares valued at approximately $1.9 million. Institutional investors collectively own 70.98% of the company, while Yext directors also made sizable purchases.
• Yext’s fiscal second-quarter adjusted EPS of $0.21 beat estimates of $0.17, and adjusted EBITDA rose to $34.0 million. However, revenue declined 1.8% year over year to $111.1 million, annual recurring revenue fell, and GAAP net income dropped substantially.
• Analyst sentiment remains cautious: B. Riley raised its price target to $7 but kept a neutral rating, while the consensus rating is “Reduce” with an average target of $6.33. Shares opened at $6.55, compared with a 52-week range of $3.27 to $9.19.

Bank of America Corp DE boosted its stake in shares of Yext (NYSE:YEXT - Free Report) by 246.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,564 shares of the company's stock after acquiring an additional 354,495 shares during the quarter. Bank of America Corp DE owned 0.50% of Yext worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lynrock Lake LP increased its holdings in shares of Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company's stock worth $121,967,000 after buying an additional 2,861,653 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of Yext by 126.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company's stock worth $23,797,000 after acquiring an additional 1,647,174 shares in the last quarter. OP Asset Management Ltd acquired a new position in shares of Yext in the 1st quarter worth approximately $3,915,000. First Trust Advisors LP bought a new stake in Yext during the 4th quarter worth approximately $5,634,000. Finally, Millennium Management LLC bought a new stake in Yext during the 1st quarter worth approximately $3,964,000. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Yext

In other Yext news, Director Daniel J. Englander bought 76,190 shares of the company's stock in a transaction on Monday, July 13th. The stock was bought at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the transaction, the director owned 141,190 shares of the company's stock, valued at approximately $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Seth H. Waugh purchased 133,000 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the purchase, the director owned 319,411 shares in the company, valued at $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 7.80% of the company's stock.

Key Headlines Impacting Yext

Here are the key news stories impacting Yext this week:

• Positive Sentiment: Yext reported fiscal second-quarter adjusted EPS of $0.21, above the $0.17 analyst consensus and up from $0.13 a year earlier. Adjusted EBITDA reached $34.0 million, representing a 31% margin. Yext Q2 Earnings Beat Estimates
• Positive Sentiment: B. Riley raised its Yext price target from $5 to $7, implying additional upside from recent levels. The firm maintained a neutral rating, suggesting the valuation and operating outlook remain balanced rather than decisively bullish.
• Positive Sentiment: The company is expanding its agentic AI capabilities, including the Corvo AI prototype, to improve brands’ visibility in AI-generated search results. Yext also completed its acquisition of GoShine, potentially broadening its product offering. Yext Expands Agentic Capabilities
• Neutral Sentiment: Second-quarter revenue of $111.1 million was close to the $111.3 million estimate, indicating the business performed roughly in line with expectations despite continued pressure on sales.
• Negative Sentiment: Revenue declined 1.8% year over year to $111.1 million, while annual recurring revenue fell to $440.8 million from $444.4 million. The 96% dollar-based net retention rate also points to limited expansion among existing customers. Yext Q2 Sales Decline
• Negative Sentiment: GAAP net income dropped to $13.1 million from $26.8 million in the prior-year quarter, and GAAP EPS was $0.13. This contrasts with the stronger adjusted EPS result and highlights continued earnings-quality concerns.

Yext Stock Up 0.4%

Shares of NYSE YEXT opened at $6.55 on Thursday. The firm has a market capitalization of $657.14 million, a PE ratio of 38.56 and a beta of 1.15. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 1 year low of $3.27 and a 1 year high of $9.19. The firm's 50-day moving average is $5.60 and its 200-day moving average is $4.77.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $111.10 million during the quarter, compared to the consensus estimate of $111.30 million. Yext had a net margin of 5.90% and a return on equity of 35.83%. Yext's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities analysts expect that Yext will post 0.41 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. B. Riley Financial lifted their price objective on Yext from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday. Weiss Ratings restated a "sell (d+)" rating on shares of Yext in a report on Monday. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Finally, B Riley reaffirmed a "neutral" rating on shares of Yext in a report on Wednesday. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $6.33.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.

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