Yandex N.V. (NASDAQ:YNDX)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank AG in a research report issued on Friday, July 14th. They presently have a $38.00 price target on the information services provider’s stock, up from their prior price target of $35.00. Deutsche Bank AG’s price objective would indicate a potential upside of 30.81% from the stock’s previous close.
YNDX has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Standpoint Research cut Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday, June 15th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Yandex N.V. in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.92.
Shares of Yandex N.V. (YNDX) opened at 29.05 on Friday. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $32.44. The stock has a market cap of $9.44 billion, a P/E ratio of 36.82 and a beta of 2.86. 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 results on Friday, July 28th. The information services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same period in the prior year, the firm earned $12.05 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts predict that Yandex N.V. will post $0.77 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. bought a new stake in Yandex N.V. during the second quarter worth about $110,000. Parallel Advisors LLC boosted its stake in 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 last quarter. Invictus RG bought a new stake in Yandex N.V. during the first quarter worth about $166,000. Nine Chapters Capital Management LLC bought a new stake in Yandex N.V. during the first quarter worth about $202,000. Finally, Harbor Advisors LLC bought a new stake in Yandex N.V. during the first quarter worth about $219,000. Institutional investors own 70.42% of the company’s stock.
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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