Yatra Online (NASDAQ:YTRA)‘s stock had its “buy” rating reissued by Zacks Investment Research in a research note issued on Saturday, Zacks.com reports. They presently have a $4.50 price objective on the technology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 15.38% from the company’s current price.
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, ValuEngine raised shares of Yatra Online from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Shares of YTRA traded up $0.07 during mid-day trading on Friday, hitting $3.90. 170,245 shares of the company traded hands, compared to its average volume of 159,279. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $4.27. Yatra Online has a 1 year low of $3.43 and a 1 year high of $5.56. The stock has a market cap of $180.63 million, a price-to-earnings ratio of -5.13 and a beta of 1.04.
Yatra Online (NASDAQ:YTRA) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported ($0.22) earnings per share for the quarter. Yatra Online had a negative net margin of 12.35% and a negative return on equity of 80.48%. The company had revenue of $35.33 million for the quarter. On average, analysts forecast that Yatra Online will post -0.48 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new position in shares of Yatra Online during the second quarter valued at approximately $303,000. Indus Capital Partners LLC raised its holdings in shares of Yatra Online by 12.8% during the second quarter. Indus Capital Partners LLC now owns 227,133 shares of the technology company’s stock valued at $849,000 after purchasing an additional 25,776 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Yatra Online by 6.8% during the second quarter. Renaissance Technologies LLC now owns 198,300 shares of the technology company’s stock valued at $742,000 after purchasing an additional 12,700 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Yatra Online by 54.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 164,700 shares of the technology company’s stock valued at $624,000 after purchasing an additional 57,800 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Yatra Online during the second quarter valued at approximately $1,973,000. 27.59% of the stock is owned by hedge funds and other institutional investors.
Yatra Online Company Profile
Yatra Online, Inc operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers.
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