Yandex (NASDAQ:YNDX) Downgraded by ValuEngine

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Yandex (NASDAQ:YNDX) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday, ValuEngine reports.

YNDX has been the subject of a number of other research reports. UBS Group set a $54.30 price objective on Yandex and gave the company a “buy” rating in a research note on Friday, October 11th. OTR Global started coverage on Yandex in a research note on Thursday, June 27th. They set a “positive” rating for the company. BidaskClub cut Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Bank of America set a $50.00 price target on Yandex and gave the stock a “buy” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.33.

NASDAQ YNDX traded up $3.01 on Monday, reaching $32.77. The stock had a trading volume of 13,382,518 shares, compared to its average volume of 2,598,251. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.03 and a current ratio of 3.03. Yandex has a 12-month low of $25.80 and a 12-month high of $42.37. The business’s 50-day moving average price is $35.13 and its 200 day moving average price is $36.96. The stock has a market cap of $10.63 billion, a P/E ratio of 34.49 and a beta of 1.98.

Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Friday, July 26th. The information services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). Yandex had a net margin of 12.15% and a return on equity of 12.09%. The firm had revenue of $41.40 billion during the quarter, compared to analysts’ expectations of $40.64 billion. During the same quarter in the prior year, the firm posted $15.11 EPS. Yandex’s quarterly revenue was up 41.0% compared to the same quarter last year. On average, sell-side analysts predict that Yandex will post 1.13 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in YNDX. Hexavest Inc. purchased a new stake in shares of Yandex during the second quarter worth approximately $1,755,000. Harbour Capital Advisors LLC raised its stake in shares of Yandex by 6.7% during the second quarter. Harbour Capital Advisors LLC now owns 19,270 shares of the information services provider’s stock worth $732,000 after purchasing an additional 1,210 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Yandex during the second quarter worth approximately $849,000. Fox Run Management L.L.C. purchased a new stake in shares of Yandex during the second quarter worth approximately $362,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Yandex during the second quarter worth approximately $8,534,000. Institutional investors and hedge funds own 66.62% of the company’s stock.

About Yandex

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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