Zacks Investment Research Downgrades Yatra Online (YTRA) to Sell
Zacks Investment Research lowered shares of Yatra Online (NASDAQ:YTRA) from a hold rating to a sell rating in a research note released 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 objective (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 stock. Yatra Online has an average rating of Buy and a consensus target price of $14.36.
Yatra Online (NASDAQ:YTRA) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.11). Yatra Online had a negative return on equity of 363.93% and a negative net margin of 38.96%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned ($11.21) earnings per share. The business’s revenue was up 45.6% compared to the same quarter last year. research analysts anticipate that Yatra Online will post -1.38 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC boosted its holdings in shares of Yatra Online by 49.3% in the fourth quarter. Legato Capital Management LLC now owns 165,965 shares of the technology company’s stock worth $1,241,000 after buying an additional 54,775 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Yatra Online in the third quarter worth approximately $238,000. Whetstone Capital Advisors LLC purchased a new position in shares of Yatra Online in the third quarter worth approximately $3,665,000. JPMorgan Chase & Co. purchased a new position in shares of Yatra Online in the third quarter worth approximately $403,000. Finally, Silver Capital Management LLC boosted its holdings in shares of Yatra Online by 16.1% in the third quarter. Silver Capital Management LLC now owns 63,110 shares of the technology company’s stock worth $684,000 after buying an additional 8,750 shares during the last quarter. 15.07% of the stock is currently owned by 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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