MakeMyTrip (MMYT) Earns Coverage Optimism Rating of 0.21

Media headlines about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MakeMyTrip earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.9102329036339 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

MMYT has been the topic of several recent research reports. Jefferies Group set a $30.00 price objective on shares of MakeMyTrip and gave the company a “hold” rating in a research report on Friday, February 9th. BidaskClub upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Goldman Sachs Group initiated coverage on shares of MakeMyTrip in a research report on Thursday, November 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Zacks Investment Research downgraded shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, TheStreet downgraded shares of MakeMyTrip from a “c-” rating to a “d” rating in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $31.75.

Shares of MakeMyTrip (NASDAQ MMYT) opened at $28.30 on Friday. The firm has a market cap of $2,612.79, a PE ratio of -10.52 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 released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.08. MakeMyTrip had a negative net margin of 26.29% and a negative return on equity of 11.22%. The company had revenue of $151.40 million for the quarter, compared to the consensus estimate of $143.89 million. During the same period in the previous year, the firm earned ($0.12) EPS. MakeMyTrip’s revenue was up 97.9% on a year-over-year basis. sell-side analysts expect that MakeMyTrip will post -2.25 EPS 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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