According to Zacks, “Yandex continues to benefit from its increasing online advertising revenues on the back of robust Yandex properties. Further, its solid momentum across Russian search market remained the key growth driver. Its increasing desktop and mobile search shares are boosting its search revenues. Additionally, the company’s strong performing Taxi, Classifieds and Experiments segments are positives. Moreover, increasing number of rides will continue to aid growth in Taxi segment. Also, robust Yandex.Drive and cloud platform remain major positives. However, mounting investments across all the segments pose a serious threat to its profitability. Moreover, deconsolidation of Yandex.Market remains an overhang. Notably, the stock has outperformed the industry it belongs to over a year.”
Several other research firms have also recently commented on YNDX. ValuEngine raised Yandex from a hold rating to a buy rating in a report on Saturday. Bank of America set a $47.00 price target on Yandex and gave the company a buy rating in a report on Tuesday, March 19th. Deutsche Bank raised their price target on Yandex from $41.00 to $44.00 and gave the company a buy rating in a report on Wednesday, March 6th. UBS Group set a $45.00 price target on Yandex and gave the company a buy rating in a report on Tuesday, April 2nd. Finally, BidaskClub raised Yandex from a buy rating to a strong-buy rating in a report on Tuesday, December 25th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Yandex has a consensus rating of Buy and an average price target of $43.40.
Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Friday, February 15th. The information services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $38.84 billion during the quarter, compared to analyst estimates of $37.45 billion. Yandex had a net margin of 37.60% and a return on equity of 11.41%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business earned $15.85 earnings per share. Sell-side analysts anticipate that Yandex will post 1.38 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Enlightenment Research LLC acquired a new position in Yandex during the fourth quarter worth $30,000. Avestar Capital LLC acquired a new position in Yandex during the fourth quarter worth $42,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Yandex during the fourth quarter worth $55,000. YorkBridge Wealth Partners LLC acquired a new position in Yandex during the fourth quarter worth $126,000. Finally, Financial Gravity Companies Inc. acquired a new position in Yandex during the fourth quarter worth $158,000. 64.91% of the stock is 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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