TheStreet lowered shares of MakeMyTrip (NASDAQ:MMYT) from a c- rating to a d+ rating in a report published on Tuesday.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of MakeMyTrip from a sell rating to a hold rating in a research report on Tuesday, September 11th. Bank of America lifted their target price on shares of MakeMyTrip from $39.50 to $40.00 and gave the stock a buy rating in a research report on Tuesday, September 11th. BidaskClub cut shares of MakeMyTrip from a sell rating to a strong sell rating in a research report on Wednesday, August 22nd. Jefferies Financial Group raised shares of MakeMyTrip from a hold rating to a buy rating and set a $19.80 target price on the stock in a research report on Wednesday, August 15th. Finally, ValuEngine cut shares of MakeMyTrip from a buy rating to a hold rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $36.36.
Shares of NASDAQ MMYT opened at $24.32 on Tuesday. MakeMyTrip has a fifty-two week low of $21.82 and a fifty-two week high of $41.70. The stock has a market capitalization of $2.80 billion, a P/E ratio of -11.17 and a beta of -0.16.
MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Tuesday, August 14th. The technology company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.20). MakeMyTrip had a negative net margin of 32.44% and a negative return on equity of 11.37%. The business had revenue of $170.09 million during the quarter, compared to the consensus estimate of $164.50 million. During the same period in the previous year, the business posted ($0.53) EPS. MakeMyTrip’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts expect that MakeMyTrip will post -1.45 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of MMYT. Brown Advisory Inc. lifted its position in shares of MakeMyTrip by 47.7% during the 1st quarter. Brown Advisory Inc. now owns 943,139 shares of the technology company’s stock worth $32,726,000 after buying an additional 304,746 shares in the last quarter. Wexford Capital LP bought a new position in shares of MakeMyTrip during the 1st quarter worth approximately $5,390,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $4,738,000. CWM LLC bought a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $3,405,000. Finally, Northern Trust Corp lifted its position in shares of MakeMyTrip by 278.3% during the 2nd quarter. Northern Trust Corp now owns 107,573 shares of the technology company’s stock worth $3,889,000 after buying an additional 79,134 shares in the last quarter. 43.00% of the stock is currently owned by hedge funds and other institutional investors.
MakeMyTrip Company Profile
MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
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