Zacks Investment Research upgraded shares of Yatra Online (NASDAQ:YTRA) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $6.00 target price on the technology company’s stock.
According to Zacks, “Yatra Online, Inc. provides online travel agency services. The company operates through website www.yatra.com, mobile applications and associated platforms to book airline, railway and bus tickets as well as car and hotel accommodations for customers. Its product portfolio includes flights, hotels, trains, holidays, bus and activities. Yatra Online, Inc. is headquatered in New Delhi, India. “
Several other research analysts have also commented on YTRA. Citigroup initiated coverage on Yatra Online in a research report on Friday, July 20th. They issued a buy rating and a $9.00 price objective on the stock. Jefferies Financial Group initiated coverage on Yatra Online in a research report on Friday, August 17th. They issued a buy rating and a $6.75 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $8.44.
Yatra Online stock traded down $0.03 during midday trading on Friday, reaching $5.33. The stock had a trading volume of 45,449 shares, compared to its average volume of 152,176. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. Yatra Online has a twelve month low of $4.05 and a twelve month high of $9.34. The stock has a market capitalization of $186.30 million, a P/E ratio of -3.75 and a beta of 0.19.
Yatra Online (NASDAQ:YTRA) last released its quarterly earnings data on Thursday, November 1st. The technology company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.04. Yatra Online had a negative return on equity of 202.75% and a negative net margin of 4.67%. The company had revenue of $28.90 million for the quarter, compared to analyst estimates of $29.00 million. As a group, sell-side analysts predict that Yatra Online will post -0.71 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in YTRA. Millennium Management LLC increased its position in shares of Yatra Online by 194.6% during the second quarter. Millennium Management LLC now owns 2,075,841 shares of the technology company’s stock worth $11,127,000 after acquiring an additional 1,371,232 shares during the last quarter. First Trust Advisors LP increased its position in shares of Yatra Online by 27.0% during the third quarter. First Trust Advisors LP now owns 659,971 shares of the technology company’s stock worth $3,683,000 after acquiring an additional 140,241 shares during the last quarter. Acuitas Investments LLC increased its position in shares of Yatra Online by 64.0% during the third quarter. Acuitas Investments LLC now owns 590,553 shares of the technology company’s stock worth $3,295,000 after acquiring an additional 230,466 shares during the last quarter. Legato Capital Management LLC increased its position in shares of Yatra Online by 7.1% during the third quarter. Legato Capital Management LLC now owns 304,116 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 20,097 shares during the last quarter. Finally, Indus Capital Partners LLC purchased a new stake in shares of Yatra Online during the second quarter worth about $1,218,000. 19.00% of the stock is currently owned by institutional investors.
About Yatra Online
Yatra Online, Inc operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers.
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