Yandex N.V. (NASDAQ:YNDX)‘s stock had its “buy” rating restated by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Wednesday. They presently have a $37.30 price target on the information services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 17.52% from the company’s current price.

Several other research analysts also recently commented on YNDX. Standpoint Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $35.00 target price (up from $28.00) on shares of Yandex N.V. in a research note on Saturday, April 29th. Zacks Investment Research raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, May 30th. VTB Capital raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday, June 15th. Finally, BidaskClub downgraded Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $30.74.

Yandex N.V. (YNDX) traded up 0.362% on Wednesday, hitting $31.855. 1,509,115 shares of the company were exchanged. The stock’s 50-day moving average price is $27.67 and its 200-day moving average price is $25.03. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $32.44. The stock has a market capitalization of $10.31 billion, a P/E ratio of 49.311 and a beta of 2.85.

Yandex N.V. (NASDAQ:YNDX) last posted its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. The firm had revenue of $20.65 billion during the quarter. During the same period in the prior year, the company posted $9.81 earnings per share. The business’s revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that Yandex N.V. will post $0.86 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. boosted its position in Yandex N.V. by 1.5% in the first quarter. Financial Counselors Inc. now owns 12,480 shares of the information services provider’s stock worth $274,000 after buying an additional 183 shares in the last quarter. Clinton Group Inc. boosted its position in shares of Yandex N.V. by 5.3% in the first quarter. Clinton Group Inc. now owns 13,575 shares of the information services provider’s stock worth $298,000 after buying an additional 684 shares during the period. Stifel Financial Corp boosted its position in shares of Yandex N.V. by 1.5% in the first quarter. Stifel Financial Corp now owns 60,675 shares of the information services provider’s stock worth $1,329,000 after buying an additional 914 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Yandex N.V. by 4.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,374 shares of the information services provider’s stock worth $578,000 after buying an additional 1,150 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of Yandex N.V. by 14.9% in the first quarter. Tudor Investment Corp ET AL now owns 12,952 shares of the information services provider’s stock worth $284,000 after buying an additional 1,678 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

About Yandex N.V.

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.

Analyst Recommendations for Yandex N.V. (NASDAQ:YNDX)

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