Yandex NV (YNDX) Short Interest Update
Yandex NV (NASDAQ:YNDX) saw a large growth in short interest in April. As of April 28th, there was short interest totalling 1,738,155 shares, a growth of 69.8% from the April 13th total of 1,023,916 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 3,976,235 shares, the short-interest ratio is currently 0.4 days.
YNDX has been the topic of a number of research reports. Goldman Sachs Group Inc restated a “buy” rating on shares of Yandex NV in a report on Thursday, April 6th. Deutsche Bank AG restated a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex NV in a report on Saturday, April 29th. Finally, Standpoint Research lowered Yandex NV from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Yandex NV currently has an average rating of “Buy” and an average price target of $27.20.
Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in Yandex NV by 20.0% in the third quarter. Acrospire Investment Management LLC now owns 5,400 shares of the information services provider’s stock valued at $114,000 after buying an additional 900 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Yandex NV during the first quarter valued at $202,000. Two Sigma Securities LLC acquired a new position in Yandex NV during the third quarter valued at $213,000. Capital One National Association acquired a new position in Yandex NV during the first quarter valued at $234,000. Finally, Princeton Alpha Management LP acquired a new position in Yandex NV during the first quarter valued at $240,000. Hedge funds and other institutional investors own 65.18% of the company’s stock.
Shares of Yandex NV (NASDAQ:YNDX) opened at 27.65 on Friday. The firm has a 50 day moving average price of $23.92 and a 200-day moving average price of $21.92. The firm has a market capitalization of $8.95 billion, a P/E ratio of 42.80 and a beta of 2.86. Yandex NV has a 52 week low of $17.28 and a 52 week high of $28.00.
Yandex NV (NASDAQ:YNDX) last released its earnings results on Thursday, April 27th. The information services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Yandex NV had a return on equity of 14.06% and a net margin of 11.65%. The business had revenue of $20.65 billion for the quarter. During the same quarter in the previous year, the business earned $9.81 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts predict that Yandex NV will post $0.81 EPS for the current fiscal year.
Yandex NV 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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