Yandex (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “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. “

YNDX has been the topic of a number of other research reports. Deutsche Bank boosted their price target on Yandex to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. BidaskClub upgraded Yandex from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. VTB Capital lowered Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a $47.00 price target on shares of Yandex in a research note on Thursday, February 8th. Finally, Bank of America boosted their price target on Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $38.90.

Shares of Yandex (NASDAQ YNDX) opened at $38.89 on Tuesday. Yandex has a 52 week low of $21.40 and a 52 week high of $39.67. The firm has a market capitalization of $12,690.00, a PE ratio of 114.38, a PEG ratio of 0.89 and a beta of 2.84. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22.

Yandex (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, February 15th. The information services provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex had a return on equity of 14.48% and a net margin of 7.32%. research analysts forecast that Yandex will post 0.72 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in shares of Yandex during the fourth quarter worth about $129,000. Captrust Financial Advisors acquired a new stake in shares of Yandex during the fourth quarter worth about $145,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Yandex during the fourth quarter worth about $147,000. Raymond James Trust N.A. acquired a new stake in shares of Yandex during the fourth quarter worth about $206,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Yandex during the third quarter worth about $273,000. 64.87% of the stock is owned by hedge funds and other institutional investors.

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About Yandex

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.

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