MakeMyTrip Limited (NASDAQ:MMYT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Five brokerages rate MakeMyTrip as a "Moderate Buy" (four buys, one hold) with an average 12‑month price target of $101.00.
• Market/valuation snapshot: MMYT opened at $46.86 (down ~2.8%), trading well below its 12‑month high of $113.85; market cap is ~$5.21 billion and trailing P/E is about 97.6.
• Analyst and institutional activity: Citigroup cut its price objective to $80 and Wall Street Zen downgraded to a sell, while institutional ownership stands at roughly 51.9% with several funds making modest recent purchases.

Shares of MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) have earned an average rating of "Moderate Buy" from the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $101.00.

Several equities research analysts recently weighed in on MMYT shares. Citigroup cut their price objective on MakeMyTrip from $96.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, April 13th. Weiss Ratings reissued a "hold (c)" rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Finally, Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Saturday, April 18th.

MakeMyTrip Trading Down 2.8%

NASDAQ MMYT opened at $46.86 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. MakeMyTrip has a twelve month low of $32.67 and a twelve month high of $113.85. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 97.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. The business's fifty day moving average is $46.06 and its 200 day moving average is $64.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Leonteq Securities AG acquired a new position in MakeMyTrip during the 4th quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company's stock worth $37,000 after buying an additional 284 shares during the period. Kestra Advisory Services LLC acquired a new position in MakeMyTrip during the 4th quarter worth about $46,000. Stone House Investment Management LLC lifted its holdings in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company's stock worth $49,000 after buying an additional 200 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company's stock worth $54,000 after buying an additional 590 shares during the period. 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.

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