The stock of Yandex NV (NASDAQ:YNDX) is a huge mover today! About 2.06 million shares traded hands or 10.75% up from the average. Yandex NV (NASDAQ:YNDX) has risen 54.18% since March 9, 2016 and is uptrending. It has outperformed by 46.77% the S&P500.
The move comes after 5 months negative chart setup for the $6.37B company. It was reported on Oct, 12 by Barchart.com. We have $19.25 PT which if reached, will make NASDAQ:YNDX worth $318.50M 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 $28.30 million for 56.28 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 rating was downgraded by Citigroup to “Neutral” on Friday, September 11. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 6. The rating was downgraded by Zacks to “Hold” on Tuesday, August 4. Raiffeisen upgraded the stock to “Buy” rating in Monday, October 12 report. The firm has “Overweight” rating given on Tuesday, November 17 by Morgan Stanley. The stock of Yandex NV (NASDAQ:YNDX) earned “Neutral” rating by Goldman Sachs on Wednesday, September 16. On Monday, March 14 the stock rating was upgraded by Citigroup to “Buy”. Citigroup downgraded the shares of YNDX in a report on Friday, May 6 to “Neutral” rating. Deutsche Bank maintained it with “Buy” rating and $20 target price in Friday, July 31 report. HSBC initiated Yandex NV (NASDAQ:YNDX) on Monday, July 18 with “Buy” rating.
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: “Fortune Has Smiled On Yandex” on October 11, 2016, also Profitconfidential.com published article titled: “Yandex NV: Is This Tech Company the Next Google Stock?”, Fool.com published: “Why Yandex NV Stock Is Up 75% Since January” on July 07, 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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