Yatra Online (YTRA) Lowered to Sell at Zacks Investment Research

Yatra Online (NASDAQ:YTRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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. “

A number of other analysts also recently issued reports on the company. Oppenheimer reiterated a “buy” rating and set a $13.00 price target (down previously from $15.00) on shares of Yatra Online in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services assumed coverage on Yatra Online in a research report on Thursday, September 7th. They set a “buy” rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Yatra Online currently has a consensus rating of “Buy” and an average price target of $14.56.

Shares of Yatra Online (YTRA) traded down $0.06 on Friday, hitting $8.38. The stock had a trading volume of 99,000 shares, compared to its average volume of 94,993. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of -1.47. Yatra Online has a 12-month low of $7.71 and a 12-month high of $12.85.

Large investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC bought a new stake in Yatra Online in the 2nd quarter worth approximately $201,000. Jane Street Group LLC bought a new stake in Yatra Online in the 3rd quarter worth approximately $238,000. JPMorgan Chase & Co. bought a new stake in Yatra Online in the 3rd quarter worth approximately $403,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Yatra Online in the 3rd quarter worth approximately $448,000. Finally, Silver Capital Management LLC lifted its position in Yatra Online by 16.1% in the 3rd quarter. Silver Capital Management LLC now owns 63,110 shares of the technology company’s stock worth $684,000 after buying an additional 8,750 shares during the last quarter. Institutional investors own 12.32% of the company’s stock.

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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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Analyst Recommendations for Yatra Online (NASDAQ:YTRA)

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