Yandex (NASDAQ:YNDX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup upgraded shares of Yandex from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $39.25 to $40.00 in a research note on Thursday, March 29th. Deutsche Bank lifted their price objective on shares of Yandex to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, March 21st. JPMorgan Chase restated an “overweight” rating and set a $47.00 price objective on shares of Yandex in a research note on Thursday, February 8th. Finally, TheStreet upgraded shares of Yandex from a “c” rating to a “b+” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Yandex currently has a consensus rating of “Buy” and an average target price of $39.91.

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Shares of NASDAQ YNDX opened at $33.63 on Tuesday. Yandex has a fifty-two week low of $23.00 and a fifty-two week high of $44.49. The stock has a market cap of $10,761.50, a P/E ratio of 41.52 and a beta of 2.66.

Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Yandex had a net margin of 9.32% and a return on equity of 17.70%. The business had revenue of $483.70 million for the quarter. During the same quarter in the prior year, the firm earned $9.94 earnings per share. Yandex’s revenue for the quarter was up 26.0% compared to the same quarter last year. research analysts predict that Yandex will post 1.21 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in YNDX. Bank of New York Mellon Corp acquired a new position in Yandex during the third quarter worth about $305,000. Schwab Charles Investment Management Inc. grew its holdings in Yandex by 8.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 62,494 shares of the information services provider’s stock worth $2,060,000 after acquiring an additional 4,851 shares during the period. Stifel Financial Corp grew its holdings in Yandex by 3.6% during the third quarter. Stifel Financial Corp now owns 63,457 shares of the information services provider’s stock worth $2,093,000 after acquiring an additional 2,184 shares during the period. Janus Henderson Group PLC grew its holdings in Yandex by 6.4% during the third quarter. Janus Henderson Group PLC now owns 1,387,406 shares of the information services provider’s stock worth $45,722,000 after acquiring an additional 82,935 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Yandex by 3.0% during the third quarter. California Public Employees Retirement System now owns 528,005 shares of the information services provider’s stock worth $17,398,000 after acquiring an additional 15,205 shares during the period. 67.59% of the stock is currently owned by hedge funds and other institutional investors.

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Yandex Company Profile

Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It provides maps and location-based services, such as Yandex.Maps, Yandex.Navigator, and Yandex.Transport; Yandex.Mail that provides users access to their email accounts; Yandex.Disk, a cloud-based storage service; Yandex.News, an online news aggregation service; Yandex.Weather, a service that offers hyperlocal weather information; and Yandex Browser for desktops and mobile platforms.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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