A number of other analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Yandex N.V. in a research note on Thursday, April 6th. Deutsche Bank AG reissued a buy rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a report on Saturday, April 29th. Zacks Investment Research downgraded shares of Yandex N.V. from a buy rating to a hold rating in a report on Thursday, June 1st. Standpoint Research downgraded shares of Yandex N.V. from a buy rating to a hold rating in a report on Friday, April 7th. Finally, HSBC Holdings plc reissued a buy rating and issued a $34.60 price objective (up previously from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $31.92.
Yandex N.V. (NASDAQ YNDX) opened at 29.81 on Friday. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $32.44. The firm has a 50-day moving average of $29.48 and a 200-day moving average of $26.01. The stock has a market capitalization of $9.69 billion, a PE ratio of 37.78 and a beta of 2.86.
Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 EPS 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 during the quarter. During the same period in the previous year, the company earned $12.05 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities analysts expect that Yandex N.V. will post $0.78 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of YNDX. Shine Investment Advisory Services Inc. purchased a new position in shares of Yandex N.V. during the second quarter valued at $110,000. Parallel Advisors LLC increased its position in shares of 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 valued at $114,000 after buying an additional 472 shares in the last quarter. Invictus RG purchased a new position in shares of Yandex N.V. during the first quarter valued at $166,000. Nine Chapters Capital Management LLC purchased a new position in shares of Yandex N.V. during the first quarter valued at $202,000. Finally, QCM Cayman Ltd. purchased a new position in shares of Yandex N.V. during the second quarter valued at $206,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.
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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