Yandex N.V. (NASDAQ:YNDX) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $35.35.
YNDX has been the topic of several research analyst reports. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group upped their price target on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Deutsche Bank AG upped their price target on shares of Yandex N.V. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $37.30 price target on shares of Yandex N.V. in a report on Wednesday, July 26th.
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 stake in Yandex N.V. during the second quarter valued at about $110,000. Parallel Advisors LLC boosted its position in Yandex N.V. by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after buying an additional 472 shares during the period. QCM Cayman Ltd. purchased a new stake in Yandex N.V. during the second quarter valued at about $206,000. Comerica Bank purchased a new stake in Yandex N.V. during the first quarter valued at about $249,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Yandex N.V. during the first quarter valued at about $271,000. Institutional investors and hedge funds own 67.25% of the company’s stock.
Yandex N.V. (NASDAQ:YNDX) opened at 32.68 on Friday. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 41.42 and a beta of 2.82. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $34.27. The firm’s 50-day moving average price is $32.41 and its 200-day moving average price is $29.03.
Yandex N.V. (NASDAQ:YNDX) last issued its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $399.96 million. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.64 EPS. Equities research analysts forecast that Yandex N.V. will post $0.77 EPS for the current fiscal year.
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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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