Yandex (NASDAQ:YNDX) Receives Average Rating of “Buy” from Brokerages

Shares of Yandex (NASDAQ:YNDXGet Rating) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $83.40.

A number of brokerages have recently commented on YNDX. Citigroup reduced their target price on shares of Yandex from $75.00 to $70.00 in a research report on Thursday, February 17th. downgraded Yandex from a “hold” rating to a “sell” rating in a report on Monday, March 7th.

NASDAQ:YNDX opened at $18.94 on Wednesday. The company has a market cap of $6.71 billion, a price-to-earnings ratio of -20.81 and a beta of 1.41. Yandex has a twelve month low of $14.11 and a twelve month high of $87.11. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $47.58.

Yandex (NASDAQ:YNDXGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The information services provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.13). Yandex had a negative return on equity of 1.26% and a negative net margin of 6.46%. The company had revenue of $1.49 billion during the quarter.

Several large investors have recently bought and sold shares of YNDX. FNY Investment Advisers LLC purchased a new stake in shares of Yandex in the 1st quarter worth approximately $29,000. UMB Bank N A MO bought a new position in Yandex in the fourth quarter worth approximately $48,000. National Bank of Canada FI bought a new position in Yandex in the fourth quarter worth approximately $85,000. Desjardins Global Asset Management Inc. purchased a new stake in Yandex during the fourth quarter worth $182,000. Finally, First Horizon Advisors Inc. boosted its position in Yandex by 2,552.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,493 shares of the information services provider’s stock valued at $183,000 after acquiring an additional 2,399 shares in the last quarter. Institutional investors and hedge funds own 66.79% of the company’s stock.

About Yandex (Get Rating)

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies, focusing on to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Taxi, Yandex.Market, Media Services, Classifieds, and Other Bets and Experiments segments.

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