Several other equities analysts have also issued reports on MMYT. Citigroup lifted their target price on shares of MakeMyTrip from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 26th. UBS Group upgraded shares of MakeMyTrip from a “sell” rating to a “buy” rating in a report on Monday, June 13th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, MakeMyTrip has an average rating of “Moderate Buy” and a consensus target price of $36.00.
MakeMyTrip Stock Up 1.5 %
MakeMyTrip stock traded up $0.46 during trading hours on Friday, hitting $32.00. 322,348 shares of the stock traded hands, compared to its average volume of 320,990. The firm’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $26.07. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.37 billion, a PE ratio of -78.05 and a beta of 1.22. MakeMyTrip has a one year low of $20.06 and a one year high of $36.28.
MakeMyTrip (NASDAQ:MMYT – Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The technology company reported ($0.04) earnings per share for the quarter. MakeMyTrip had a negative net margin of 14.93% and a negative return on equity of 5.06%. The firm had revenue of $88.59 million for the quarter, compared to the consensus estimate of $101.23 million. On average, research analysts forecast that MakeMyTrip will post -0.15 EPS for the current year.
Hedge Funds Weigh In On MakeMyTrip
Hedge funds have recently added to or reduced their stakes in the company. Boston Common Asset Management LLC raised its holdings in MakeMyTrip by 1.9% in the 4th quarter. Boston Common Asset Management LLC now owns 58,465 shares of the technology company’s stock worth $1,620,000 after acquiring an additional 1,064 shares during the last quarter. TD Asset Management Inc. purchased a new position in MakeMyTrip in the 4th quarter worth approximately $623,000. Aviva PLC raised its holdings in MakeMyTrip by 21.7% in the 4th quarter. Aviva PLC now owns 1,143,659 shares of the technology company’s stock worth $31,691,000 after acquiring an additional 204,040 shares during the last quarter. Capital International Investors raised its holdings in MakeMyTrip by 133.2% in the 4th quarter. Capital International Investors now owns 3,287,384 shares of the technology company’s stock worth $91,093,000 after acquiring an additional 1,877,781 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in MakeMyTrip by 3.1% in the 1st quarter. Baillie Gifford & Co. now owns 2,504,679 shares of the technology company’s stock worth $67,201,000 after acquiring an additional 74,831 shares during the last quarter. 42.91% of the stock is currently owned by hedge funds and other institutional investors.
MakeMyTrip Company Profile
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
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