Yatra Online, Inc. (NASDAQ:YTRA) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Yatra Online, Inc. (NASDAQ:YTRA) released its earnings results on Monday. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.26) by $0.04, Morningstar.com reports. The firm had revenue of $46.84 million during the quarter, compared to analyst estimates of $24.09 million.
Yatra Online (YTRA) traded up 2.81% during mid-day trading on Tuesday, hitting $10.96. The company had a trading volume of 109,519 shares. Yatra Online has a 52-week low of $7.71 and a 52-week high of $12.85. The company’s market capitalization is $335.43 million. The company has a 50-day moving average price of $11.14 and a 200 day moving average price of $9.72.
A number of institutional investors have recently bought and sold shares of YTRA. Royce & Associates LP purchased a new position in Yatra Online during the second quarter valued at about $843,000. Silver Capital Management LLC purchased a new position in Yatra Online during the second quarter valued at about $612,000. Finally, Spark Investment Management LLC purchased a new position in Yatra Online during the second quarter valued at about $706,000. 22.93% of the stock is currently owned by hedge funds and other institutional investors.
YTRA has been the subject of several research analyst reports. Deutsche Bank AG initiated coverage on Yatra Online in a research report on Thursday, June 15th. They set a “buy” rating and a $15.00 target price for the company. CIBC began coverage on Yatra Online in a report on Wednesday, July 12th. They issued an “outperform” rating and a $15.00 price objective for the company. Oppenheimer Holdings, Inc. began coverage on Yatra Online in a report on Tuesday, July 11th. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Macquarie began coverage on Yatra Online in a report on Monday, June 5th. They issued an “outperform” rating and a $14.80 price objective for the company.
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Yatra Online Company Profile
Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.
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