Yandex NV (YNDX) Sets New 52-Week High at $23.37
Yandex NV (NASDAQ:YNDX) reached a new 52-week high during trading on Thursday . The stock traded as high as $23.37 and last traded at $23.31, with a volume of 2,650,484 shares. The stock had previously closed at $22.36.
Several equities research analysts have recently commented on the company. HSBC assumed coverage on Yandex NV in a research note on Monday, July 18th. They issued a “buy” rating and a $26.70 price objective for the company. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price objective on shares of Yandex NV in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Yandex NV from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, May 5th. Vetr upgraded Yandex NV from a “buy” rating to a “strong-buy” rating and set a $24.97 price objective for the company in a research note on Wednesday, August 3rd. Finally, Pacific Crest restated a “buy” rating on shares of Yandex NV in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.07.
The company’s 50-day moving average is $21.63 and its 200-day moving average is $18.05. The company has a market capitalization of $7.45 billion and a price-to-earnings ratio of 22.84.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.61 billion. During the same period in the prior year, the firm earned $8.63 EPS. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. On average, analysts forecast that Yandex NV will post $0.69 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Yandex NV stock. State of New Jersey Common Pension Fund D increased its stake in Yandex NV (NASDAQ:YNDX) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,553 shares of the company’s stock after buying an additional 120,250 shares during the period. State of New Jersey Common Pension Fund D owned about 0.14% of Yandex NV worth $7,177,000 as of its most recent SEC filing.
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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