MakeMyTrip Limited (NASDAQ:MMYT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of MakeMyTrip Limited (NASDAQ:MMYT) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $101.00.

A number of research firms have recently commented on MMYT. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Finally, Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th.

MakeMyTrip Trading Down 1.2%

NASDAQ MMYT opened at $46.74 on Friday. The company’s fifty day simple moving average is $43.72 and its 200-day simple moving average is $59.66. MakeMyTrip has a 52 week low of $32.67 and a 52 week high of $104.99. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85. The stock has a market cap of $5.20 billion, a P/E ratio of 186.96 and a beta of 1.03.

Institutional Trading of MakeMyTrip

Institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG acquired a new stake in MakeMyTrip in the fourth quarter valued at $29,000. Parallel Advisors LLC raised its holdings in MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in MakeMyTrip in the fourth quarter valued at $46,000. Stone House Investment Management LLC raised its holdings in MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in MakeMyTrip by 893.9% in the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after acquiring an additional 590 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

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.