Yandex N.V. (NASDAQ:YNDX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $38.00 price target on the information services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.67% from the stock’s current price.

According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “

Several other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. HSBC Holdings plc reiterated a “buy” rating and issued a $34.60 target price (up previously from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. Credit Suisse Group increased their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. BidaskClub upgraded shares of Yandex N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.16.

Yandex N.V. (YNDX) opened at 33.73 on Thursday. The firm has a market cap of $10.96 billion, a PE ratio of 42.75 and a beta of 2.82. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $34.27. The company has a 50 day moving average price of $31.69 and a 200 day moving average price of $27.98.

Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The firm had revenue of $374.10 million for the quarter. During the same period last year, the business earned $12.05 EPS. Yandex N.V.’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities research analysts forecast that Yandex N.V. will post $0.79 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Private Wealth LLC increased its holdings in shares of Yandex N.V. by 0.4% in the second quarter. Boston Private Wealth LLC now owns 39,542 shares of the information services provider’s stock valued at $864,000 after purchasing an additional 142 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Yandex N.V. by 1.5% during the first quarter. Financial Counselors Inc. now owns 12,480 shares of the information services provider’s stock worth $274,000 after purchasing an additional 183 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Yandex N.V. by 2.1% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,100 shares of the information services provider’s stock worth $417,000 after purchasing an additional 400 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Yandex N.V. by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after purchasing an additional 472 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Yandex N.V. by 1.0% during the second quarter. Stifel Financial Corp now owns 61,273 shares of the information services provider’s stock worth $1,612,000 after purchasing an additional 598 shares in the last quarter. 67.59% of the stock is owned by institutional investors.

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

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