BidaskClub upgraded shares of Yandex (NASDAQ:YNDX) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.
Several other analysts have also commented on YNDX. JPMorgan Chase & Co. reiterated an overweight rating and set a $47.00 price objective on shares of Yandex in a report on Thursday, February 8th. Zacks Investment Research lowered Yandex from a hold rating to a sell rating in a report on Tuesday, February 13th. Bank of America upped their target price on Yandex from $38.00 to $45.00 and gave the company a buy rating in a research report on Monday, November 27th. VTB Capital downgraded Yandex from a buy rating to a hold rating in a research report on Thursday, November 2nd. Finally, TheStreet downgraded Yandex from a b- rating to a c rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $38.90.
Shares of Yandex (NASDAQ:YNDX) opened at $42.10 on Wednesday. Yandex has a twelve month low of $21.40 and a twelve month high of $42.90. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $13,760.00, a price-to-earnings ratio of 89.57, a PEG ratio of 1.03 and a beta of 2.84.
Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Yandex had a return on equity of 17.85% and a net margin of 9.32%. The firm had revenue of $483.70 million during the quarter, compared to analyst estimates of $490.57 million. During the same quarter in the prior year, the business posted $9.94 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. sell-side analysts expect that Yandex will post 1.17 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YNDX. Castleark Management LLC acquired a new position in shares of Yandex in the 4th quarter valued at $123,000. Cerebellum GP LLC acquired a new stake in Yandex during the 4th quarter worth about $129,000. Captrust Financial Advisors acquired a new stake in Yandex during the 4th quarter worth about $145,000. Robeco Institutional Asset Management B.V. acquired a new stake in Yandex during the 4th quarter worth about $147,000. Finally, Raymond James Trust N.A. acquired a new stake in Yandex during the 4th quarter worth about $206,000. 64.87% of the stock is currently owned by hedge funds and other institutional investors.
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Yandex 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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