Roth sees ‘no specific timetable’ for Yext next steps after CEO bid

After Yext (YEXT) announced that CEO and chairman Michael Walrath submitted a proposal to acquire all outstanding shares of the company not already owned by him at a price of $9.00 per share in cash, Roth Capital analyst Rohit Kulkarni said the firm thinks “there is no specific timetable” and that investors will probably hear from Yext management team if and when they receive a competing bid. Looking at comparable small-cap software and internet companies with healthy EBITDA margins and mid-single digit revenue growth rates, the firm said if applies a similar EBITDA multiple to the Street’s calendar year 2025 estimates, it arrives at a value of about a $11.25 per share for Yext. Roth has a Buy rating and $9.50 price target on Yext shares.