Yandex N.V. (NASDAQ:YNDX) Receives Average Rating of “Buy” from Brokerages
Shares of Yandex N.V. (NASDAQ:YNDX) have received a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.02.
Several equities research analysts have commented on YNDX shares. Deutsche Bank AG restated a “buy” rating and issued a $38.00 price objective (up previously from $35.00) on shares of Yandex N.V. in a research report on Friday, July 14th. Zacks Investment Research lowered Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub upgraded Yandex N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. HSBC Holdings plc reiterated a “buy” rating and set a $34.60 target price (up previously from $33.40) on shares of Yandex N.V. in a research report on Friday, July 14th. Finally, Renaissance Capital reiterated a “sell” rating and set a $24.30 target price (up previously from $17.20) on shares of Yandex N.V. in a research report on Friday, July 14th.
Shares of Yandex N.V. (NASDAQ YNDX) traded down 0.79% during mid-day trading on Friday, hitting $29.05. 2,507,784 shares of the stock were exchanged. The stock has a market cap of $9.44 billion, a PE ratio of 36.82 and a beta of 2.86. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $32.44. The stock’s 50 day moving average is $29.04 and its 200-day moving average is $25.77.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The company had revenue of $374.10 million during the quarter. During the same quarter in the previous year, the company posted $12.05 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts anticipate that Yandex N.V. will post $0.77 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of YNDX. Shine Investment Advisory Services Inc. purchased a new position in Yandex N.V. during the second quarter valued at approximately $110,000. Parallel Advisors LLC increased its stake in shares of Yandex N.V. by 13.6% in the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after buying an additional 472 shares during the period. Invictus RG bought a new stake in shares of Yandex N.V. during the first quarter worth about $166,000. Nine Chapters Capital Management LLC bought a new stake in shares of Yandex N.V. during the first quarter worth about $202,000. Finally, Harbor Advisors LLC bought a new stake in shares of Yandex N.V. during the first quarter worth about $219,000. 70.42% of the stock is owned by hedge funds and other institutional investors.
About Yandex N.V.
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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