MakeMyTrip (NASDAQ:MMYT) Receiving Somewhat Positive News Coverage, Report Finds

News headlines about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MakeMyTrip earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2411717373193 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

MMYT has been the topic of a number of recent research reports. BidaskClub raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded MakeMyTrip from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. TheStreet downgraded MakeMyTrip from a “c-” rating to a “d” rating in a report on Tuesday, November 14th. Finally, Goldman Sachs Group initiated coverage on MakeMyTrip in a report on Thursday, November 30th. They issued a “buy” rating and a $36.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. MakeMyTrip currently has a consensus rating of “Sell” and an average price target of $32.13.

Shares of MakeMyTrip (NASDAQ:MMYT) traded down $0.20 during trading on Friday, hitting $30.65. 637,259 shares of the company’s stock traded hands, compared to its average volume of 220,279. The company has a market cap of $2,828.24, a PE ratio of -15.88 and a beta of -0.01. MakeMyTrip has a 52 week low of $22.40 and a 52 week high of $40.90.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $110.72 million. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The business’s revenue for the quarter was up 161.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.61) EPS. research analysts forecast that MakeMyTrip will post -2.26 earnings per share for the current year.

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MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Insider Buying and Selling by Quarter for MakeMyTrip (NASDAQ:MMYT)

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