Shares of Yandex NV (NASDAQ:YNDX) have been assigned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the company. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $22.62.
Several analysts have weighed in on YNDX shares. Zacks Investment Research raised Yandex NV from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday, June 3rd. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 price target on shares of Yandex NV in a research report on Wednesday, June 15th. HSBC began coverage on Yandex NV in a research report on Monday, July 18th. They set a “buy” rating and a $26.70 price target on the stock. Pacific Crest restated a “buy” rating on shares of Yandex NV in a report on Friday, July 29th. Finally, Bank of America Corp. set a $26.00 target price on Yandex NV and gave the stock a “buy” rating in a report on Thursday, September 8th.
Shares of Yandex NV (NASDAQ:YNDX) opened at 20.64 on Wednesday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 20.31 and a beta of 3.12. The firm has a 50-day moving average price of $22.03 and a 200 day moving average price of $19.54. Yandex NV has a 12-month low of $10.30 and a 12-month high of $23.87.
Yandex NV (NASDAQ:YNDX) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.05. The company earned $18.04 billion during the quarter, compared to the consensus estimate of $17.61 billion. Yandex NV had a return on equity of 14.67% and a net margin of 15.06%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period last year, the business posted $8.63 EPS. On average, equities research analysts anticipate that Yandex NV will post $0.71 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in YNDX. Orbis Allan Gray Ltd purchased a new stake in Yandex NV during the first quarter worth about $92,487,000. William Blair Investment Management LLC boosted its stake in Yandex NV by 1,553.5% in the second quarter. William Blair Investment Management LLC now owns 4,489,064 shares of the company’s stock worth $98,086,000 after buying an additional 4,217,581 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Yandex NV during the second quarter worth about $53,204,000. Norges Bank purchased a new stake in Yandex NV during the fourth quarter worth about $33,435,000. Finally, Franklin Resources Inc. boosted its stake in Yandex NV by 69.9% in the first quarter. Franklin Resources Inc. now owns 4,097,322 shares of the company’s stock worth $62,772,000 after buying an additional 1,685,827 shares during the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
Receive News & Ratings for Yandex NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex NV and related companies with MarketBeat.com's FREE daily email newsletter.