MakeMyTrip (NASDAQ:MMYT) Upgraded to “Hold” at Wall Street Zen

MakeMyTrip (NASDAQ:MMYT) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

MMYT has been the subject of several other research reports. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Zacks Research downgraded MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Finally, Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Trading Down 0.6%

NASDAQ MMYT opened at $42.75 on Friday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 171.00, a P/E/G ratio of 1.75 and a beta of 1.03. MakeMyTrip has a 52 week low of $32.67 and a 52 week high of $105.23. The business has a 50 day moving average price of $43.75 and a 200-day moving average price of $60.86. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 38.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MMYT. Leonteq Securities AG bought a new position in MakeMyTrip in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC grew its stake in MakeMyTrip by 74.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock valued at $37,000 after purchasing an additional 422 shares during the period. Parallel Advisors LLC grew its stake in MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after purchasing an additional 284 shares during the period. Kestra Advisory Services LLC bought a new position in MakeMyTrip in the 4th quarter valued at $46,000. Finally, Stone House Investment Management LLC grew its stake in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after purchasing an additional 200 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.