Zacks Investment Research Lowers Yatra Online (YTRA) to Sell
Yatra Online (NASDAQ:YTRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
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. “
Separately, Oppenheimer reissued a “buy” rating and set a $13.00 target price (down from $15.00) on shares of Yatra Online in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.56.
A number of large investors have recently made changes to their positions in YTRA. Whetstone Capital Advisors LLC acquired a new stake in Yatra Online during the 3rd quarter valued at $3,665,000. First Trust Advisors LP acquired a new stake in Yatra Online during the 3rd quarter valued at $3,242,000. Legato Capital Management LLC acquired a new stake in Yatra Online during the 3rd quarter valued at $1,204,000. Royce & Associates LP acquired a new stake in Yatra Online during the 2nd quarter valued at $843,000. Finally, Ameriprise Financial Inc. acquired a new stake in Yatra Online during the 2nd quarter valued at $796,000. 10.08% of the stock is currently owned by institutional investors.
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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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