MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $102.99, but opened at $97.90. MakeMyTrip shares last traded at $97.13, with a volume of 124,106 shares.
Analyst Ratings Changes
MMYT has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, Bank of America upped their target price on MakeMyTrip from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th.
Get Our Latest Stock Analysis on MMYT
MakeMyTrip Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77. The business's fifty day moving average price is $98.85 and its 200-day moving average price is $86.71. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 5.65 and a beta of 1.28.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.23. The business had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. On average, research analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.
Hedge Funds Weigh In On MakeMyTrip
A number of institutional investors have recently made changes to their positions in the stock. Park Place Capital Corp purchased a new position in shares of MakeMyTrip in the third quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in shares of MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock worth $35,000 after acquiring an additional 332 shares during the period. Fifth Third Bancorp purchased a new position in shares of MakeMyTrip in the 2nd quarter worth $59,000. nVerses Capital LLC purchased a new stake in shares of MakeMyTrip during the 2nd quarter valued at about $143,000. Finally, LRI Investments LLC bought a new position in MakeMyTrip in the first quarter worth approximately $149,000. Institutional investors own 51.89% of the company's stock.
About MakeMyTrip
(
Get Free Report)
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
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