Yandex N.V. (YNDX) Sees Significant Decrease in Short Interest
Yandex N.V. (NASDAQ:YNDX) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,569,231 shares, a drop of 19.9% from the May 31st total of 1,958,147 shares. Based on an average trading volume of 1,708,998 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the shares of the company are sold short.
Shares of Yandex N.V. (YNDX) opened at 26.24 on Friday. The stock has a market capitalization of $8.49 billion, a P/E ratio of 40.62 and a beta of 2.76. Yandex N.V. has a one year low of $17.28 and a one year high of $29.13. The stock’s 50 day moving average is $27.17 and its 200-day moving average is $24.02.
Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $20.65 billion during the quarter. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $9.81 earnings per share. On average, equities research analysts expect that Yandex N.V. will post $0.84 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Invictus RG bought a new stake in Yandex N.V. during the first quarter valued at about $166,000. Comerica Bank bought a new stake in Yandex N.V. during the first quarter valued at about $249,000. Nine Chapters Capital Management LLC bought a new stake in Yandex N.V. during the first quarter valued at about $202,000. Harbor Advisors LLC bought a new stake in Yandex N.V. during the first quarter valued at about $219,000. Finally, Capital One National Association bought a new stake in Yandex N.V. during the first quarter valued at about $234,000. Hedge funds and other institutional investors own 70.61% of the company’s stock.
Several brokerages recently commented on YNDX. Zacks Investment Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. BidaskClub cut shares of Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research note on Saturday, April 29th. Standpoint Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Finally, VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $28.55.
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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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