Several analysts have recently updated their ratings and price targets for Yandex (NASDAQ: YNDX):

  • 9/27/2018 – Yandex was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Yandex continues to gain from its increasing online advertising revenues. Nevertheless, the company’s core search business remains the key driver of its top-line growth. Yandex continues to experience increase in its share in the Russian search market. Further, expanding subscriber base of Yandex.Music and well-performing Yandex.Taxi owing to the increasing number of rides are major positives. The company’s solid momentum across Taxi, Classifieds and Experiments is expected to contribute well in the upcoming quarters. Notably, the stock has outperformed the industry it belongs to over a year. However, mounting investments across all the segments poses a serious threat to its profitability. Moreover, sluggish growth the e-commerce unit due to deconsolidation of Yandex.Market remains a concern.”
  • 9/24/2018 – Yandex was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/21/2018 – Yandex was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/17/2018 – Yandex was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Yandex is currently suffering from sluggish growth in the e-commerce unit due to deconsolidation of Yandex.Market. Further, mounting investments across all the segments poses a serious threat to its profitability. Nevertheless, the company’s core search business remains the key driver of its top-line growth. Yandex continues to experience increase in its share in the Russian search market. Further, expanding subscriber base of Yandex.Music and strong performance of Yandex.Taxi owing to the increasing number of rides remains a major positive. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, concentration of the company’s revenues is a major concern. Further, losses from Uber continue to impact the margin expansion of the company.”
  • 9/8/2018 – Yandex was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/7/2018 – Yandex was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/8/2018 – Yandex was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/2/2018 – Yandex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Yandex reported second quarter results wherein both the earnings and revenues improved year over year on the back of its increasing online advertising revenues. The company’s core search business remains the key driver of its top-line growth. Yandex continues to witness increase in its share in the Russian search market. Also, expanding subscriber base of Yandex.Music and strong performance of Yandex.Taxi owing to the increasing number of rides remained positive throughout the quarter. The company’s solid momentum across Taxi, Classifieds and Experiments segments drove its quarterly results further and is expected to contribute well in the upcoming quarters. Notably, the stock has outperformed the industry it belongs to over a year. However, mounting investments across all the segments poses a serious threat to its profitability. Also, sluggish growth in the e-commerce unit due to deconsolidation of Yandex.Market remains a concern.”
  • 7/31/2018 – Yandex was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

YNDX traded up $0.09 on Thursday, hitting $33.28. The company had a trading volume of 2,148,425 shares, compared to its average volume of 3,663,148. Yandex NV has a 1-year low of $29.48 and a 1-year high of $44.49. The firm has a market cap of $10.98 billion, a P/E ratio of 41.09 and a beta of 2.58.

Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, July 26th. The information services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Yandex had a return on equity of 12.72% and a net margin of 36.22%. The company had revenue of $472.80 million during the quarter. During the same period in the prior year, the business posted $12.12 EPS. The business’s revenue was up 38.8% on a year-over-year basis. research analysts expect that Yandex NV will post 1.08 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of YNDX. Comerica Bank increased its position in Yandex by 19.9% in the 1st quarter. Comerica Bank now owns 12,088 shares of the information services provider’s stock worth $416,000 after buying an additional 2,008 shares during the period. Baker Avenue Asset Management LP increased its position in Yandex by 6.7% in 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 buying an additional 2,027 shares during the period. Aviva PLC increased its position in Yandex by 1.9% in the 2nd quarter. Aviva PLC now owns 132,045 shares of the information services provider’s stock worth $4,740,000 after buying an additional 2,447 shares during the period. Eqis Capital Management Inc. increased its position in Yandex by 10.8% in the 2nd quarter. Eqis Capital Management Inc. now owns 40,626 shares of the information services provider’s stock worth $1,458,000 after buying an additional 3,954 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Yandex in the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.

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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