Yandex N.V. (YNDX) Receives Average Recommendation of “Buy” from Analysts

Shares of Yandex N.V. (NASDAQ:YNDX) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.51.

A number of brokerages recently commented on YNDX. Zacks Investment Research cut Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. BidaskClub cut Yandex N.V. from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Deutsche Bank AG restated a “buy” rating and set a $35.00 target price (up from $28.00) on shares of Yandex N.V. in a report on Saturday, April 29th. Standpoint Research cut Yandex N.V. from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Finally, VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, June 15th.

Institutional investors have recently made changes to their positions in the stock. Financial Counselors Inc. boosted its position in shares of 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 valued at $274,000 after buying an additional 183 shares during 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 valued at $298,000 after buying an additional 684 shares during the last quarter. 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 valued at $1,329,000 after buying an additional 914 shares during the last quarter. 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 valued at $578,000 after buying an additional 1,150 shares during the last quarter. 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 valued at $284,000 after buying an additional 1,678 shares during the last quarter. Institutional investors and hedge funds own 70.56% of the company’s stock.

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Yandex N.V. (NASDAQ:YNDX) traded up 0.16% during mid-day trading on Tuesday, reaching $31.41. 2,220,443 shares of the company were exchanged. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $32.44. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 92.38 and a beta of 2.85. The stock’s 50-day moving average price is $27.39 and its 200-day moving average price is $24.84.

Yandex N.V. (NASDAQ:YNDX) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same period last year, the business earned $9.81 EPS. Yandex N.V.’s revenue for the quarter 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 EPS for the current fiscal year.

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.