Yandex NV (YNDX) Sets New 1-Year High at $23.37
Shares of Yandex NV (NASDAQ:YNDX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.37 and last traded at $23.31, with a volume of 2,650,484 shares traded. The stock had previously closed at $22.36.
YNDX has been the subject of several recent research reports. Vetr downgraded shares of Yandex NV from a “buy” rating to a “hold” rating and set a $22.98 target price for the company. in a research note on Thursday, July 28th. Pacific Crest reiterated a “buy” rating on shares of Yandex NV in a research note on Friday, July 29th. TheStreet upgraded shares of Yandex NV from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Zacks Investment Research downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, HSBC initiated coverage on shares of Yandex NV in a research note on Monday, July 18th. They issued a “buy” rating and a $26.70 target price for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Yandex NV currently has a consensus rating of “Buy” and a consensus price target of $20.07.
The company has a market capitalization of $7.46 billion and a price-to-earnings ratio of 22.87. The stock’s 50 day moving average is $21.64 and its 200 day moving average is $18.02.
Yandex NV (NASDAQ:YNDX) last posted its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The business had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.61 billion. During the same quarter in the prior year, the company earned $8.63 EPS. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. Equities research analysts anticipate that Yandex NV will post $0.69 EPS for the current year.
An institutional investor recently raised its position in Yandex NV stock. Trexquant Investment LP raised its stake in shares of Yandex NV (NASDAQ:YNDX) by 214.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,600 shares of the company’s stock after buying an additional 91,047 shares during the period. Trexquant Investment LP’s holdings in Yandex NV were worth $2,100,000 as of its most recent filing with the SEC.
Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music, Kinopoisk.ru, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto, Auto.ru, Yandex.Realty and Yandex.Job.
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