Trading Report: Today: MakeMyTrip Ltd. (MMYT) Stock Rating Reaffirm by Jefferies Group

Today: MakeMyTrip Ltd. (MMYT) Stock Rating Reaffirm by Jefferies Group

MakeMyTrip Ltd. (NASDAQ:MMYT)‘s stock had its “buy” rating reissued by Jefferies Group in a research report issued on Monday.

Separately, Zacks Investment Research raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.34.

MakeMyTrip (NASDAQ:MMYT) traded up 1.771% during mid-day trading on Monday, reaching $24.425. 236,945 shares of the company’s stock traded hands. The stock’s 50 day moving average is $25.77 and its 200-day moving average is $19.84. The stock’s market capitalization is $1.02 billion. MakeMyTrip has a 52 week low of $13.69 and a 52 week high of $31.90.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.05. The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $50.67 million. MakeMyTrip had a negative net margin of 32.90% and a negative return on equity of 149.89%. The business’s quarterly revenue was up 46.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, equities analysts anticipate that MakeMyTrip will post ($2.41) EPS for the current year.

A number of hedge funds have recently modified their holdings of MMYT. Penserra Capital Management LLC boosted its stake in shares of MakeMyTrip by 4.6% in the third quarter. Penserra Capital Management LLC now owns 6,102 shares of the company’s stock valued at $143,000 after buying an additional 270 shares during the period. KCG Holdings Inc. purchased a new stake in shares of MakeMyTrip during the second quarter valued at $189,000. Ameriprise Financial Inc. purchased a new stake in shares of MakeMyTrip during the third quarter valued at $253,000. Credit Suisse AG boosted its stake in shares of MakeMyTrip by 48.2% in the third quarter. Credit Suisse AG now owns 15,191 shares of the company’s stock valued at $358,000 after buying an additional 4,940 shares during the period. Finally, Indus Capital Partners LLC boosted its stake in shares of MakeMyTrip by 37.2% in the second quarter. Indus Capital Partners LLC now owns 31,000 shares of the company’s stock valued at $461,000 after buying an additional 8,400 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Company Profile

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