The stock of Yandex NV (NASDAQ:YNDX) is a huge mover today! The stock decreased 1.82% or $0.39 during the last trading session, hitting $21.05. About 2.27M shares traded hands or 22.04% up from the average. Yandex NV (NASDAQ:YNDX) has risen 62.93% since February 29, 2016 and is uptrending. It has outperformed by 52.50% the S&P500.
The move comes after 7 months negative chart setup for the $6.72B company. It was reported on Oct, 1 by Barchart.com. We have $19.58 PT which if reached, will make NASDAQ:YNDX worth $470.40M less.
Analysts await Yandex NV (NASDAQ:YNDX) to report earnings on October, 25. They expect $0.09 earnings per share, down 35.71% or $0.05 from last year’s $0.14 per share. YNDX’s profit will be $28.73M for 58.47 P/E if the $0.09 EPS becomes a reality. After $0.14 actual earnings per share reported by Yandex NV for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.
Yandex NV (NASDAQ:YNDX) Ratings Coverage
Out of 6 analysts covering Yandex N.V. (NASDAQ:YNDX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Yandex N.V. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Yandex NV (NASDAQ:YNDX) has “Buy” rating given on Friday, July 31 by Deutsche Bank. The stock of Yandex NV (NASDAQ:YNDX) has “Neutral” rating given on Wednesday, September 16 by Goldman Sachs. The stock of Yandex NV (NASDAQ:YNDX) earned “Hold” rating by Zacks on Tuesday, August 4. The firm has “Overweight” rating given on Tuesday, November 17 by Morgan Stanley. The stock of Yandex NV (NASDAQ:YNDX) earned “Buy” rating by Raiffeisen on Monday, October 12. Citigroup upgraded Yandex NV (NASDAQ:YNDX) on Monday, March 14 to “Buy” rating. The stock of Yandex NV (NASDAQ:YNDX) has “Buy” rating given on Tuesday, October 6 by Deutsche Bank. The rating was downgraded by Citigroup to “Neutral” on Friday, May 6. As per Monday, July 18, the company rating was initiated by HSBC. The company was downgraded on Friday, September 11 by Citigroup.
According to Zacks Investment Research, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation.”
More important recent Yandex NV (NASDAQ:YNDX) news were published by: Seekingalpha.com which released: “The Future Of Yandex” on September 30, 2016, also Fool.com published article titled: “Why Yandex NV Stock Is Up 75% Since January”, Profitconfidential.com published: “Yandex NV: Is This Tech Company the Next Google Stock?” on August 21, 2016. More interesting news about Yandex NV (NASDAQ:YNDX) was released by: Fool.com and their article: “Yandex N.V. Gains Ground with a Solid Quarter” with publication date: February 16, 2016.
YNDX Company Profile
Yandex N.V. (Yandex), incorporated on June 1, 2004, is an Internet and technology company, and operates an Internet search engine. The Company’ s divisions include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach clients seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in approximately 10 cities across Russia and in Minsk, Belarus. The Firm also operates Experimental businesses, which includes media services (including KinoPoisk, Yandex.Music, Yandex.Radio, Yandex.Tickets and Yandex.Afisha), Yandex Data Factory, discovery services (including Yandex Zen and Yandex Launcher), and search and portal in Turkey.
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