MakeMyTrip (NASDAQ:MMYT) Issues Quarterly Earnings Results

MakeMyTrip (NASDAQ:MMYT - Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09), Zacks reports. MakeMyTrip had a net margin of 10.07% and a return on equity of 16.62%. The business had revenue of $268.85 million during the quarter, compared to the consensus estimate of $296.39 million.

MakeMyTrip Stock Up 0.8%

Shares of NASDAQ:MMYT traded up $0.84 during midday trading on Friday, reaching $102.46. 119,781 shares of the company were exchanged, compared to its average volume of 1,049,397. MakeMyTrip has a fifty-two week low of $76.95 and a fifty-two week high of $123.00. The company has a quick ratio of 1.85, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. The stock has a fifty day simple moving average of $98.03 and a two-hundred day simple moving average of $100.84. The firm has a market cap of $11.40 billion, a PE ratio of 119.06 and a beta of 0.85.

Institutional Investors Weigh In On MakeMyTrip

An institutional investor recently raised its position in MakeMyTrip stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,755 shares of the technology company's stock after buying an additional 1,721 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in MakeMyTrip were worth $1,642,000 at the end of the most recent reporting period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Tuesday, June 24th. Citigroup reduced their price target on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

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.