Yandex (NASDAQ:YNDX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday, September 8th.

Several other research analysts also recently commented on YNDX. Zacks Investment Research raised shares of Yandex from a “strong sell” rating to a “hold” rating in a report on Thursday, June 21st. ValuEngine downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.40.

NASDAQ:YNDX traded up $1.00 during trading hours on Friday, hitting $32.34. The stock had a trading volume of 2,958,854 shares, compared to its average volume of 3,330,244. Yandex has a one year low of $29.48 and a one year high of $44.49. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 39.93 and a beta of 2.58.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Yandex had a net margin of 36.22% and a return on equity of 12.72%. The firm had revenue of $472.80 million during the quarter. During the same period last year, the firm posted $12.12 earnings per share. Yandex’s revenue for the quarter was up 38.8% on a year-over-year basis. sell-side analysts forecast that Yandex will post 0.93 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of Yandex by 19.9% during the 1st quarter. Comerica Bank now owns 12,088 shares of the information services provider’s stock worth $416,000 after acquiring an additional 2,008 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Yandex by 6.7% during the 1st quarter. Baker Avenue Asset Management LP now owns 32,067 shares of the information services provider’s stock worth $1,265,000 after acquiring an additional 2,027 shares during the last quarter. Aviva PLC lifted its holdings in shares of Yandex by 1.9% during the 2nd quarter. Aviva PLC now owns 132,045 shares of the information services provider’s stock worth $4,740,000 after acquiring an additional 2,447 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in shares of Yandex by 29.5% during the 1st quarter. ETRADE Capital Management LLC now owns 12,441 shares of the information services provider’s stock worth $491,000 after acquiring an additional 2,836 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its stake in Yandex by 10.8% in the second quarter. Eqis Capital Management Inc. now owns 40,626 shares of the information services provider’s stock worth $1,458,000 after purchasing an additional 3,954 shares during the last quarter. 68.17% of the stock is owned by institutional investors.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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