MakeMyTrip (NASDAQ:MMYT) Trading Down 2.1%

Shares of MakeMyTrip Limited (NASDAQ:MMYT) were down 2.1% during trading on Thursday . The company traded as low as $87.16 and last traded at $87.50. Approximately 83,590 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 756,626 shares. The stock had previously closed at $89.42.

Wall Street Analyst Weigh In

A number of analysts have commented on MMYT shares. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Bank of America raised their target price on MakeMyTrip from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

MakeMyTrip Price Performance

The company has a 50-day moving average of $80.35 and a 200 day moving average of $66.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $9.18 billion, a P/E ratio of 53.54, a P/E/G ratio of 5.71 and a beta of 1.30.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. MakeMyTrip had a return on equity of 10.66% and a net margin of 27.70%. The firm had revenue of $202.89 million during the quarter, compared to the consensus estimate of $195.15 million. On average, sell-side analysts anticipate that MakeMyTrip Limited will post 1.31 EPS for the current year.

Hedge Funds Weigh In On MakeMyTrip

Several institutional investors have recently bought and sold shares of MMYT. EverSource Wealth Advisors LLC raised its position in MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after purchasing an additional 332 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at $50,000. LRI Investments LLC acquired a new stake in shares of MakeMyTrip in the 1st quarter valued at $149,000. Catalytic Wealth RIA LLC acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at $207,000. Finally, HMS Capital Management LLC acquired a new stake in shares of MakeMyTrip in the 1st quarter valued at $231,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Company Profile

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.