Yandex N.V. (YNDX) Upgraded at VTB Capital
VTB Capital upgraded shares of Yandex N.V. (NASDAQ:YNDX) from a hold rating to a buy rating in a research note released on Thursday morning. The firm currently has $37.00 price objective on the information services provider’s stock.
A number of other equities research analysts also recently commented on YNDX. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Yandex N.V. in a research report on Thursday, April 6th. Standpoint Research downgraded Yandex N.V. from a buy rating to a hold rating in a research report on Friday, April 7th. Deutsche Bank AG reaffirmed a buy rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research report on Saturday, April 29th. Zacks Investment Research raised Yandex N.V. from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Tuesday, May 30th. Finally, BidaskClub downgraded Yandex N.V. from a hold rating to a sell rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $31.92.
Yandex N.V. (NASDAQ YNDX) traded up 1.54% during trading on Thursday, hitting $29.61. The stock had a trading volume of 4,030,197 shares. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 37.53 and a beta of 2.86. Yandex N.V. has a one year low of $17.28 and a one year high of $32.44. The stock’s 50-day moving average is $28.30 and its 200 day moving average is $25.41.
Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $374.10 million during the quarter. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $12.05 earnings per share. Equities analysts anticipate that Yandex N.V. will post $0.83 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. purchased a new stake in Yandex N.V. during the second quarter worth about $110,000. Invictus RG purchased a new stake in Yandex N.V. during the first quarter worth about $166,000. Comerica Bank purchased a new stake in Yandex N.V. during the first quarter worth about $249,000. Nine Chapters Capital Management LLC purchased a new stake in Yandex N.V. during the first quarter worth about $202,000. Finally, Harbor Advisors LLC purchased a new stake in Yandex N.V. during the first quarter worth about $219,000. 70.35% of the stock is owned by hedge funds and other institutional investors.
Yandex N.V. Company Profile
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.
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