Zacks Investment Research cut shares of Yandex NV (NASDAQ:YNDX) from a hold rating to a sell rating in a research note issued to investors on Thursday.

According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “

YNDX has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Yandex NV from $26.00 to $30.00 and gave the stock an overweight rating in a report on Thursday, September 8th. Vetr downgraded Yandex NV from a buy rating to a hold rating and set a $22.98 price target for the company. in a report on Thursday, July 28th. Deutsche Bank AG reaffirmed a buy rating and set a $22.00 price target on shares of Yandex NV in a report on Wednesday, June 15th. HSBC started coverage on Yandex NV in a research report on Monday, July 18th. They issued a buy rating and a $26.70 price objective for the company. Finally, Pacific Crest reiterated a buy rating on shares of Yandex NV in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Yandex NV has an average rating of Buy and an average price target of $21.57.

Shares of Yandex NV (NASDAQ:YNDX) traded down 0.41% during midday trading on Thursday, reaching $21.98. 421,773 shares of the company’s stock traded hands. The company has a market capitalization of $7.05 billion, a PE ratio of 21.63 and a beta of 3.12. The stock’s 50 day moving average is $21.92 and its 200-day moving average is $19.81. Yandex NV has a 52 week low of $10.30 and a 52 week high of $23.87.

Yandex NV (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Yandex NV had a return on equity of 14.67% and a net margin of 15.06%. The company 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 business earned $8.63 earnings per share. Yandex NV’s revenue for the quarter was up 29.6% compared to the same quarter last year. On average, analysts forecast that Yandex NV will post $0.70 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Kazazian Asset Management LLC acquired a new stake in shares of Yandex NV during the first quarter worth about $103,000. Sawtooth Asset Management Inc. acquired a new stake in shares of Yandex NV during the second quarter worth about $242,000. Sei Investments Co. raised its stake in shares of Yandex NV by 110.3% in the second quarter. Sei Investments Co. now owns 11,404 shares of the company’s stock worth $249,000 after buying an additional 5,980 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Yandex NV during the second quarter worth about $253,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Yandex NV during the second quarter worth about $262,000. 62.65% of the stock is currently owned by institutional investors and hedge funds.

Yandex NV Company Profile

Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.

5 Day Chart for NASDAQ:YNDX

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