Yatra Online (YTRA) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Yatra Online (NASDAQ:YTRA) from a hold rating to a sell rating in a report published on Saturday morning.
According to Zacks, “Yatra Online, Inc. provides online travel agency services. The company operates through website www.yatra.com, mobile applications and associated platforms to book airline, railway and bus tickets as well as car and hotel accommodations for customers. Its product portfolio includes flights, hotels, trains, holidays, bus and activities. Yatra Online, Inc. is headquatered in New Delhi, India. “
Separately, Oppenheimer reissued a buy rating and issued a $13.00 price target (down previously from $15.00) on shares of Yatra Online in a report on Monday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $14.56.
Several institutional investors have recently added to or reduced their stakes in YTRA. Whetstone Capital Advisors LLC acquired a new stake in shares of Yatra Online during the third quarter worth about $3,665,000. First Trust Advisors LP acquired a new stake in shares of Yatra Online during the third quarter worth about $3,242,000. Legato Capital Management LLC acquired a new stake in shares of Yatra Online during the third quarter worth about $1,204,000. Royce & Associates LP acquired a new stake in shares of Yatra Online during the second quarter worth about $843,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Yatra Online during the second quarter worth about $796,000. 10.08% of the stock is owned by hedge funds and other institutional investors.
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About Yatra Online
Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.
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