MakeMyTrip Limited (NASDAQ:MMYT) has been given an average rating of “Sell” by the eight analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.50.
Several equities research analysts have recently commented on MMYT shares. Zacks Investment Research raised shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Saturday, November 4th. Goldman Sachs Group started coverage on shares of MakeMyTrip in a research report on Thursday, November 30th. They issued a “buy” rating and a $36.00 target price for the company. TheStreet cut shares of MakeMyTrip from a “c-” rating to a “d” rating in a research report on Tuesday, November 14th. BidaskClub raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $31.50 target price on shares of MakeMyTrip in a research report on Friday, October 13th.
Several large investors have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in MakeMyTrip by 12.7% during the 2nd quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock valued at $119,000 after acquiring an additional 399 shares during the period. Envestnet Asset Management Inc. purchased a new position in MakeMyTrip during the 3rd quarter valued at about $135,000. California Public Employees Retirement System purchased a new position in MakeMyTrip during the 2nd quarter valued at about $262,000. Legal & General Group Plc purchased a new position in MakeMyTrip during the 3rd quarter valued at about $238,000. Finally, Caxton Associates LP purchased a new position in MakeMyTrip during the 2nd quarter valued at about $278,000. 43.08% of the stock is owned by hedge funds and other institutional investors.
MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.45) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.27. The business had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $110.72 million. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The firm’s revenue for the quarter was up 161.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.61) EPS. analysts anticipate that MakeMyTrip will post -2.26 earnings per share for the current year.
MakeMyTrip Company Profile
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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