5 Small-Cap AI Stocks

2. Yext, Inc. (NYSE: YEXT)

Number of Hedge Fund Holders: 13

Yext, Inc. (NYSE: YEXT) is a New York-based knowledge engine platform that was founded in 2006. It is placed second on our list of 10 small-cap AI stocks. The cloud-based platform provides AI-powered search engine solutions that help businesses drive customers to their platform and convert leads to sales. The company serves thousands of brands across the sectors of healthcare, retail, food service, financial, consumer packaged goods, and direct-to-consumer. Among the biggest clients of Yext, Inc. are The Coca-Cola Company (NYSE: KO), Verizon Communications Inc. (NYSE: VZ), and Campbell Soup Company (NYSE: CPB).

The company has a market cap of $1.8 billion. The company’s total revenues in the first quarter of the fiscal year 2022 increased 8% to 92 million, up from $85.4 million in the first quarter of 2021. As of April 2021, the company’s cash and cash equivalents were $272 million. The company’s full-year revenues are expected to be in the $381 million to $386 million range. The 52-week price range of Yext, Inc. (NYSE: YEXT) is $12.01 – $20.90. On March 18, Needham maintained its Buy rating on Yext, Inc. and increased its price target to $18 per share. As of June 4, the stock closed at $14.08 a share. Shares of YEXT jumped 7% over the last month. 

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $48 million in Yext, Inc. (NYSE: YEXT), up from 11 the preceding quarter worth $30 million. Out of the hedge funds being tracked by Insider Monkey, Freshford Capital Management is a leading shareholder in Yext, Inc. with 1.4 million shares worth more than $20.4 million.