Yatra Online (NASDAQ:YTRA) Stock Price Up 9.7% on Analyst Upgrade


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Yatra Online, Inc. (NASDAQ:YTRA) shares rose 9.7% on Tuesday after Sidoti raised their price target on the stock from $2.00 to $3.00. The company traded as high as $2.30 and last traded at $2.26. Approximately 980,781 shares traded hands during trading, an increase of 99% from the average daily volume of 494,012 shares. The stock had previously closed at $2.06.

Separately, HC Wainwright began coverage on shares of Yatra Online in a research note on Thursday, December 3rd. They set a “buy” rating and a $3.00 price objective on the stock.

A number of large investors have recently bought and sold shares of the stock. Mak Capital One LLC boosted its stake in Yatra Online by 52.0% during the third quarter. Mak Capital One LLC now owns 7,800,221 shares of the technology company’s stock worth $5,850,000 after acquiring an additional 2,668,513 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Yatra Online by 68.2% during the third quarter. GSA Capital Partners LLP now owns 146,113 shares of the technology company’s stock worth $110,000 after acquiring an additional 59,229 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Yatra Online by 450.5% during the first quarter. Marshall Wace LLP now owns 34,922 shares of the technology company’s stock worth $172,000 after acquiring an additional 28,578 shares in the last quarter. 42.62% of the stock is currently owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average is $1.93 and its 200 day moving average is $1.11.

Yatra Online (NASDAQ:YTRA) last issued its earnings results on Thursday, November 5th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $5.14 million during the quarter, compared to analysts’ expectations of $3.20 million. Yatra Online had a negative net margin of 10.27% and a negative return on equity of 51.54%. On average, analysts expect that Yatra Online, Inc. will post -0.3 EPS for the current fiscal year.

About Yatra Online (NASDAQ:YTRA)

Yatra Online, Inc operates as an online travel company in India and internationally. It operates through Air Ticketing, and Hotels and Packages 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.

Read More: Earnings Per Share

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