Yandex NV (YNDX) Given Average Rating of “Buy” by Analysts
Yandex NV (NASDAQ:YNDX) has earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.32.
Several analysts have commented on YNDX shares. Zacks Investment Research lowered shares of Yandex NV from a “buy” rating to a “hold” rating in a report on Friday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Yandex NV from $26.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, September 8th. Vetr lowered shares of Yandex NV from a “buy” rating to a “hold” rating and set a $22.98 price objective for the company. in a report on Thursday, July 28th. HSBC started coverage on shares of Yandex NV in a report on Monday, July 18th. They issued a “buy” rating and a $26.70 price objective for the company. Finally, Pacific Crest restated a “buy” rating on shares of Yandex NV in a report on Friday, July 29th.
Yandex NV (NASDAQ:YNDX) traded up 0.329% during trading on Wednesday, hitting $19.805. The stock had a trading volume of 1,234,739 shares. The stock’s 50-day moving average price is $21.15 and its 200-day moving average price is $20.65. The company has a market capitalization of $6.36 billion, a P/E ratio of 19.493 and a beta of 3.00. Yandex NV has a 1-year low of $11.00 and a 1-year high of $23.87.
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Yandex NV (NASDAQ:YNDX) last posted its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The business earned $18.04 billion during the quarter, compared to the consensus estimate of $17.61 billion. Yandex NV had a return on equity of 14.67% and a net margin of 15.06%. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business earned $8.63 earnings per share. Analysts expect that Yandex NV will post $0.72 earnings per share for the current year.
Several large investors have recently made changes to their positions in YNDX. Kazazian Asset Management LLC purchased a new stake in shares of Yandex NV during the first quarter valued at $103,000. BB&T Securities LLC purchased a new stake in shares of Yandex NV during the first quarter valued at $190,000. Sawtooth Asset Management Inc. purchased a new stake in shares of Yandex NV during the second quarter valued at $242,000. Sei Investments Co. increased its stake in shares of Yandex NV by 110.3% in the second quarter. Sei Investments Co. now owns 11,404 shares of the company’s stock valued at $249,000 after buying an additional 5,980 shares during the period. Finally, Advisor Group Inc. purchased a new stake in shares of Yandex NV during the second quarter valued at $253,000. 62.72% of the stock is owned by institutional investors.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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