Yandex N.V. (NASDAQ:YNDX) issued its earnings results on Tuesday. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13, MarketWatch Earnings reports. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $399.96 million. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $11.64 EPS.
Shares of Yandex N.V. (NASDAQ:YNDX) traded up 2.109% on Thursday, reaching $32.685. 1,285,903 shares of the company’s stock were exchanged. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $34.27. The company’s 50 day moving average price is $32.41 and its 200-day moving average price is $29.03. The stock has a market cap of $10.62 billion, a P/E ratio of 41.426 and a beta of 2.82.
Several research analysts have recently issued reports on the stock. TheStreet lowered shares of Yandex N.V. from a “b-” rating to a “c” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. Deutsche Bank AG raised their target price on shares of Yandex N.V. from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday. Renaissance Capital reaffirmed a “sell” rating and issued a $24.30 target price (up previously from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.73.
About Yandex N.V.
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.