Yatra Online (NASDAQ:YTRA) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded Yatra Online from a "strong sell" to a "hold" rating.
• Analyst coverage is mixed—one Buy, one Hold and one Sell—with a consensus rating of Hold and a $3.00 consensus price target.
• Institutional interest has risen (notable buys by Acuitas, Goldman Sachs, Osaic and new stake from Jane Street), with institutions owning about 50.97% of the stock.

Yatra Online (NASDAQ:YTRA - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on YTRA. Weiss Ratings restated a "sell (d-)" rating on shares of Yatra Online in a report on Monday, December 29th. Wall Street Zen upgraded shares of Yatra Online to a "hold" rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $3.00.

Yatra Online Stock Up 9.5%

Yatra Online stock opened at $1.15 on Tuesday. Yatra Online has a fifty-two week low of $0.63 and a fifty-two week high of $2.00. The stock has a market cap of $71.63 million, a PE ratio of -57.50 and a beta of 0.81. The firm's 50-day simple moving average is $1.18 and its 200 day simple moving average is $1.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.02 and a current ratio of 2.02.

Institutional Investors Weigh In On Yatra Online

Large investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC increased its holdings in Yatra Online by 10.4% in the 3rd quarter. Acuitas Investments LLC now owns 2,671,484 shares of the technology company's stock worth $3,740,000 after acquiring an additional 252,141 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Yatra Online during the 4th quarter valued at approximately $79,000. Goldman Sachs Group Inc. lifted its stake in shares of Yatra Online by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company's stock valued at $93,000 after buying an additional 26,510 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Yatra Online by 22,610.3% in the 4th quarter. Osaic Holdings Inc. now owns 177,140 shares of the technology company's stock worth $315,000 after buying an additional 176,360 shares during the period. Finally, Jane Street Group LLC bought a new position in Yatra Online in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 50.97% of the company's stock.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.

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