Yatra Online (YTRA) Upgraded to Hold at Zacks Investment Research
Yatra Online (NASDAQ:YTRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
YTRA has been the topic of a number of other reports. Oppenheimer reaffirmed a “buy” rating and issued a $13.00 price objective (down from $15.00) on shares of Yatra Online in a research note on Monday, November 6th. Ladenburg Thalmann Financial Services initiated coverage on Yatra Online in a research note on Thursday, September 7th. They issued a “buy” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $14.56.
Yatra Online (NASDAQ YTRA) opened at $8.16 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -1.47. Yatra Online has a 12 month low of $7.71 and a 12 month high of $12.85.
Several institutional investors have recently bought and sold shares of the stock. Silver Capital Management LLC lifted its stake 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 acquiring an additional 8,750 shares during the period. Ashford Capital Management Inc. lifted its stake in shares of Yatra Online by 19.0% in the second quarter. Ashford Capital Management Inc. now owns 71,410 shares of the technology company’s stock worth $803,000 after acquiring an additional 11,410 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Yatra Online in the second quarter worth approximately $201,000. Jane Street Group LLC acquired a new position in shares of Yatra Online in the third quarter worth approximately $238,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Yatra Online in the third quarter worth approximately $403,000. 10.14% of the stock is currently owned by institutional investors.
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Yatra Online Company Profile
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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