MakeMyTrip (NASDAQ:MMYT) Stock Rating Upgraded by Wall Street Zen

Key Points

• MakeMyTrip was upgraded by Wall Street Zen from a "sell" to a "hold" in the latest research note.
• Overall analyst consensus is a Moderate Buy (four Buy ratings, one Hold) with an average price target of $106.33.
• The company reported quarterly EPS of $0.52 (beat $0.43) while revenue of $295.7M missed estimates; the stock trades around $39.84, has a P/E of 83, and a 1‑year range of $32.67–$113.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Bank of America cut their target price on shares of MakeMyTrip from $115.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, December 24th. Citigroup dropped their price target on MakeMyTrip from $108.00 to $96.00 and set a "buy" rating on the stock in a research report on Wednesday, January 21st. Morgan Stanley reissued an "overweight" rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, MakeMyTrip presently has an average rating of "Moderate Buy" and an average target price of $106.33.

MakeMyTrip Price Performance

MMYT stock opened at $39.84 on Friday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 83.00, a PEG ratio of 1.53 and a beta of 0.83. MakeMyTrip has a 1-year low of $32.67 and a 1-year high of $113.85. The firm has a fifty day moving average price of $51.27 and a two-hundred day moving average price of $71.78. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.09. MakeMyTrip had a net margin of 5.46% and a return on equity of 48.06%. The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $306.29 million. Research analysts predict that MakeMyTrip will post 1.27 EPS for the current year.

Hedge Funds Weigh In On MakeMyTrip

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in MakeMyTrip by 0.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,829 shares of the technology company's stock valued at $2,230,000 after acquiring an additional 150 shares during the period. GeoWealth Management LLC grew its stake in shares of MakeMyTrip by 4.6% in the third quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company's stock worth $361,000 after purchasing an additional 169 shares in the last quarter. Capital International Sarl increased its holdings in shares of MakeMyTrip by 0.5% during the third quarter. Capital International Sarl now owns 37,903 shares of the technology company's stock valued at $3,548,000 after purchasing an additional 179 shares during the period. Osaic Holdings Inc. increased its holdings in shares of MakeMyTrip by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company's stock valued at $199,000 after purchasing an additional 188 shares during the period. Finally, Stone House Investment Management LLC raised its stake in shares of MakeMyTrip by 50.0% during the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company's stock valued at $49,000 after purchasing an additional 200 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

About MakeMyTrip

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.