Shares of Yandex NV (NASDAQ:YNDX) have been assigned a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.00.

A number of equities research analysts have issued reports on the company. Bank of America set a $50.00 target price on Yandex and gave the company a “buy” rating in a research note on Monday, July 15th. VTB Capital upgraded Yandex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. OTR Global initiated coverage on shares of Yandex in a research note on Thursday, June 27th. They set a “positive” rating on the stock. HSBC set a $45.00 price objective on shares of Yandex and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Zacks Investment Research cut shares of Yandex from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th.

YNDX stock traded up $1.26 during mid-day trading on Thursday, reaching $37.53. The company had a trading volume of 1,752,195 shares, compared to its average volume of 2,430,407. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $11.78 billion, a PE ratio of 39.51 and a beta of 1.92. Yandex has a one year low of $24.90 and a one year high of $42.37. The business has a 50-day moving average price of $38.68.

Yandex (NASDAQ:YNDX) last posted its earnings results on Friday, July 26th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The company had revenue of $41.40 billion during the quarter, compared to the consensus estimate of $40.64 billion. Yandex had a net margin of 12.15% and a return on equity of 12.09%. The business’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $15.11 earnings per share. As a group, research analysts predict that Yandex will post 1.26 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in YNDX. GQG Partners LLC acquired a new position in Yandex during the first quarter worth about $46,421,000. William Blair Investment Management LLC increased its stake in Yandex by 21.6% in the 2nd quarter. William Blair Investment Management LLC now owns 3,905,329 shares of the information services provider’s stock worth $148,403,000 after purchasing an additional 692,919 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Yandex by 21.8% in the 1st quarter. Neuberger Berman Group LLC now owns 2,912,723 shares of the information services provider’s stock worth $100,023,000 after purchasing an additional 520,736 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Yandex by 20.4% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,093,556 shares of the information services provider’s stock worth $71,893,000 after purchasing an additional 354,309 shares in the last quarter. Finally, Pendal Group Ltd purchased a new position in Yandex in the 1st quarter worth about $11,848,000. 65.29% of the stock is currently owned by hedge funds and other 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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