Is Yext (YEXT) One of the Oversold Tech Stocks to Buy According to Analysts? [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
Yext Inc. (NYSE: YEXT ) is one of the oversold tech stocks to buy according to analysts. On March 20, Yext announced the final results of its modified Dutch Auction tender offer, which concluded on March 18. A total of 62,965,247 shares of common stock were properly tendered at or below the final purchase price of $5.75 per share. This total includes over 17 million shares submitted via notices of guaranteed delivery. The company accepted 24,347,826 shares for purchase at the $5.75 price point, resulting in an aggregate cost of ~$140 million, excluding associated fees. These accepted shares represent roughly 19.7% of Yext's total outstanding common stock as of March 19. Due to the high volume of shares tendered, the company applied a final proration factor of ~38.5% for most participants. Is Yext (YEXT) One of the Oversold Tech Stocks to Buy According to Analysts? Photo from Tempus AI website The transaction was managed with BofA Securities serving as the dealer manager and D
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