BidaskClub Upgrades Yandex (YNDX) to Buy

BidaskClub upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a research note published on Saturday, January 20th.

YNDX has been the subject of a number of other reports. Zacks Investment Research lowered shares of Yandex from a buy rating to a hold rating in a research note on Thursday, October 12th. TheStreet lowered shares of Yandex from a b- rating to a c rating in a research note on Tuesday, October 24th. Deutsche Bank boosted their price target on shares of Yandex to $50.00 and gave the company a buy rating in a research report on Tuesday, January 16th. Bank of America boosted their price target on shares of Yandex from $38.00 to $45.00 and gave the company a buy rating in a research report on Monday, November 27th. Finally, VTB Capital lowered shares of Yandex from a buy rating to a hold rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Yandex has an average rating of Buy and an average target price of $38.90.

Yandex (NASDAQ:YNDX) traded up $1.47 during trading on Friday, reaching $38.89. 4,972,095 shares of the company were exchanged, compared to its average volume of 2,369,677. Yandex has a fifty-two week low of $21.40 and a fifty-two week high of $39.67. The stock has a market cap of $11,890.79, a price-to-earnings ratio of 117.85, a price-to-earnings-growth ratio of 0.89 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47.

Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13). Yandex had a net margin of 7.32% and a return on equity of 14.48%. equities research analysts anticipate that Yandex will post 0.72 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in YNDX. Bank of Nova Scotia purchased a new stake in Yandex in the second quarter worth about $1,658,000. Kora Management LP lifted its holdings in shares of Yandex by 29.8% during the second quarter. Kora Management LP now owns 545,000 shares of the information services provider’s stock valued at $14,301,000 after purchasing an additional 125,000 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Yandex during the second quarter valued at $331,000. Bank of New York Mellon Corp purchased a new stake in shares of Yandex during the third quarter valued at $305,000. Finally, Eqis Capital Management Inc. lifted its holdings in shares of Yandex by 18.0% during the third quarter. Eqis Capital Management Inc. now owns 27,913 shares of the information services provider’s stock valued at $920,000 after purchasing an additional 4,261 shares during the last quarter. Hedge funds and other institutional investors own 64.87% of the company’s stock.

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About Yandex

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.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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