Yandex (NASDAQ:YNDX) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of Yandex (NASDAQ:YNDX) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Yandex from a hold rating to a sell rating in a research note on Saturday, April 27th. Bank of America set a $50.00 price objective on Yandex and gave the stock 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. HSBC set a $45.00 price objective on Yandex and gave the stock a buy rating in a research note on Friday, June 14th. Finally, BidaskClub upgraded Yandex from a buy rating to a strong-buy rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $44.20.

NASDAQ YNDX traded down $0.71 during trading on Thursday, hitting $37.54. 2,183,881 shares of the company traded hands, compared to its average volume of 2,465,034. Yandex has a 12 month low of $24.90 and a 12 month high of $42.37. The business’s fifty day simple moving average is $39.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.03 and a quick ratio of 2.60. The company has a market cap of $12.42 billion, a P/E ratio of 39.52 and a beta of 1.96.

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

A number of hedge funds have recently added to or reduced their stakes in YNDX. American Beacon Advisors Inc. grew its position in Yandex by 44.0% during the first quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock worth $33,000 after buying an additional 297 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Yandex during the first quarter valued at approximately $103,000. Joseph P. Lucia & Associates LLC acquired a new stake in Yandex during the second quarter valued at approximately $139,000. KBC Group NV boosted its holdings in Yandex by 19.3% during the second quarter. KBC Group NV now owns 4,837 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 783 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Yandex during the first quarter valued at approximately $197,000. 65.97% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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