Yandex (YNDX) Upgraded to “Buy” at BidaskClub

Yandex (NASDAQ:YNDX) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages have also weighed in on YNDX. Zacks Investment Research raised shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. VTB Capital lowered shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Deutsche Bank increased their target price on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Bank of America increased their target price on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Yandex presently has a consensus rating of “Buy” and a consensus target price of $37.89.

Shares of Yandex (YNDX) opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. Yandex has a 1-year low of $21.40 and a 1-year high of $37.69. The stock has a market cap of $12,219.82, a PE ratio of 63.58, a P/E/G ratio of 0.97 and a beta of 2.79.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The firm had revenue of $404.00 million during the quarter. During the same period in the prior year, the company posted $11.64 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. research analysts expect that Yandex will post 0.57 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in YNDX. Schwab Charles Investment Management Inc. boosted its stake in shares of Yandex by 22.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,643 shares of the information services provider’s stock valued at $1,513,000 after purchasing an additional 10,377 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Yandex by 5.6% in the second quarter. Neuberger Berman Group LLC now owns 19,257 shares of the information services provider’s stock valued at $505,000 after purchasing an additional 1,017 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Yandex in the second quarter valued at approximately $290,000. Alliancebernstein L.P. purchased a new position in shares of Yandex in the second quarter valued at approximately $2,862,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Yandex by 26.7% in the second quarter. Nationwide Fund Advisors now owns 316,007 shares of the information services provider’s stock valued at $8,292,000 after purchasing an additional 66,547 shares during the period. 65.82% of the stock is owned by institutional investors.

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Yandex 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.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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