BlackRock Inc. Makes New $34.54 Million Investment in Yext $YEXT

Key Points

• BlackRock purchased 7.4 million Yext shares worth approximately $34.5 million, giving it a 7.38% stake; institutional investors collectively own 70.98% of the company.
• Yext exceeded quarterly EPS expectations with $0.21 versus $0.17 projected, but revenue declined 1.8% year over year to $111.1 million and annual recurring revenue fell, indicating limited sales growth.
• Yext is expanding its agentic-AI offerings and acquired GoShine, while directors also made significant stock purchases. Analysts maintain a consensus “Hold” rating with an average price target of $6.67.

BlackRock Inc. purchased a new stake in shares of Yext (NYSE:YEXT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,395,204 shares of the company's stock, valued at approximately $34,536,000. BlackRock Inc. owned 7.38% of Yext as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System grew its position in Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock valued at $36,000 after buying an additional 9,253 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after acquiring an additional 2,784 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Yext in the first quarter valued at approximately $38,000. Able Wealth Management LLC bought a new position in shares of Yext in the first quarter valued at approximately $48,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Yext during the first quarter valued at approximately $49,000. 70.98% of the stock is currently owned by institutional investors.

Yext Stock Performance

Shares of NYSE YEXT opened at $6.52 on Wednesday. The stock's fifty day simple moving average is $5.55 and its 200 day simple moving average is $4.76. The stock has a market capitalization of $653.62 million, a price-to-earnings ratio of 93.14 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52-week low of $3.27 and a 52-week high of $9.19.

Yext (NYSE:YEXT - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate 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 return on equity of 43.47% and a net margin of 8.93%.Yext's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, sell-side analysts forecast that Yext will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel J. Englander purchased 76,190 shares of Yext stock in a transaction that occurred on Monday, July 13th. The stock was acquired 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 in the company, valued at $737,011.80. The trade was a 117.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Seth H. Waugh acquired 133,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director owned 319,411 shares in the company, valued at approximately $1,197,791.25. This represents a 71.35% increase in their position. The SEC filing for this purchase provides additional information. 7.80% of the stock is owned by insiders.

Yext News Summary

Here are the key news stories impacting Yext this week:

• Positive Sentiment: Earnings beat expectations: Yext reported quarterly adjusted EPS of $0.21, above the $0.17 consensus estimate 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: AI and product expansion provide potential catalysts: The company expanded its agentic-AI capabilities for enterprise brands and small businesses, released a working Corvo AI prototype, and completed the acquisition of GoShine. These initiatives could improve Yext’s competitive positioning and support future growth. Yext Expands Agentic Capabilities
• Neutral Sentiment: Profitability is stabilizing, but investors await a growth reacceleration: Analysts characterize Yext’s product evolution as improving profit stability, while noting that a meaningful sales recovery has not yet emerged. The company’s 96% dollar-based net retention rate indicates relative customer stability but does not signal expansion. Yext Product Evolution and Sales Recovery
• Negative Sentiment: Revenue and core recurring metrics declined: Second-quarter revenue fell 1.8% year over year to $111.1 million, slightly below the $111.3 million consensus estimate. Annual recurring revenue decreased to $440.8 million from $444.4 million, while GAAP net income dropped to $13.1 million from $26.8 million. These results reinforce concerns that AI investments have not yet translated into sales growth. Yext Q2 Sales Decline

Analysts Set New Price Targets

YEXT has been the subject of a number of research reports. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Weiss Ratings raised Yext from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.67.

Yext 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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