Law firm Pomerantz is investigating the claims

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NEW YORK, March 12, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Yext, Inc. (“Yext” or the “Company”) (NYSE: YEXT). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529 ext. 7980.

The investigation focuses on whether Yext and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On March 8, 2022, Yext issued a press release announcing its fourth quarter and fiscal year 2022 results. Among other items, Yext reported revenue of $100.9 million for the quarter, well below estimates. consensus estimates, as well as a revenue outlook for the first quarter and fiscal year 2023 that also missed the consensus estimates. Yext further announced the departure of the company’s CEO, CFO and COO.

On this news, Yext’s stock price fell $0.55 per share, or 9.29%, to close at $5.37 per share on March 9, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. To see www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980


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