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Yext Class Action Lawsuit YEXT | Deadline August 16, 2022

Yext Class Action Lawsuit (YEXT Lawsuit)

The Gross Law Firm notifies investors that a class action (Yext Class Action Lawsuit) has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Yext, Inc. (YEXT) who purchased shares between March 4, 2021 and March 8, 2022.

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:

(i) Yext’s revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.

Shareholders have until August 16, 2022 to request that the court appoint them lead plaintiff.

Yext Class Action

Yext compiles information about a company to offer online responses to customer inquiries. The firm runs the Yext platform, a cloud-based platform that enables its users to control information about their businesses, the content of their landing pages, and customer reviews, among other things. On the website for Yext, the company promotes its product as “a modern, AI-powered Answers Platform that understands natural language so that when consumers ask questions about a business online, they get straight answers – not links.”

Yext Lawsuit

On behalf of Yext investors who suffered losses as a result of suspected securities fraud between March 4, 2021 and March 8, 2022, the lawsuit seeks to recoup losses. To learn more and to receive contact from a member of our team, click the link below. According to the complaint, the defendants misled the public and/or concealed information that: I the company’s revenue and earnings were materially false; (ii) Yext was unlikely to meet consensus expectations for its full-year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) the company’s sales execution and performance were significantly worsening as a result.

YEXT Class Action Lawsuit

A class action lawsuit has been filed against Yext, Inc. (“Yext” or the “Company”) (NYSE: YEXT) in the United States District Court for the Southern District of New York on behalf of all individuals and entities that bought or otherwise acquired Yext securities between March 4, 2021 and March 8, 2022, both dates inclusive (the “Class Period”). This announcement was made by Bragar Eagel & Squire, P.C., a nationally renowned stockholder rights Investors may ask the court to appoint them as the case’s main plaintiff until August 16, 2022.

YEXT Class Action

The complaint claims that, throughout the class period, Yext, Inc. made statements that were materially false and/or misleading and/or failed to disclose certain information, including the following: I Yext’s revenue and earnings were significantly declining as a result of, among other things, poor sales execution and performance as well as COVID-19-related disruptions; (ii) as a result, Yext was unlikely to meet consensus expectations for its full year fiscal 2022 financial results and fiscal 2023 outlook.

YEXT Lawsuit

Although Yext, Inc. (NYSE:YEXT) is not the biggest company in the world, its share price has recently fluctuated significantly on the NYSE, reaching highs of US$5.16 and lows of US$4.16. Investors may have a greater opportunity to purchase a stock and possibly do so at a lower price due to certain share price changes. Whether Yext’s current trading price of US$4.51 represents the small-true cap’s value is a question that has to be answered. Or is it currently undervalued, giving us a chance to purchase? See whether there are any catalysts for a price shift by looking into Yext’s outlook and value based on the most recent financial data.

YEXT stock

A day after the marketing software business released a dismal prognosis and revealed a dramatic management transfer, shares of Yext were plunging precipitously on Wednesday. Yext (ticker: YEXT) anticipates sales for the first quarter of 2022 to be between $96.3 million and $97.3 million, with a net loss per share of between 8 and 7 cents. According to MKM Partners analyst Rohit Kulkarni, the statistics show a quarter over quarter fall in sales, a first in the organization’s recent history.

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