MakeMyTrip (NASDAQ:MMYT) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of MakeMyTrip (NASDAQ:MMYT) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on MMYT. Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday. Finally, Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MakeMyTrip has an average rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Stock Performance

MakeMyTrip stock opened at $42.93 on Tuesday. The company’s 50-day moving average price is $43.95 and its 200-day moving average price is $61.24. MakeMyTrip has a twelve month low of $32.67 and a twelve month high of $105.23. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. The company has a market cap of $4.78 billion, a PE ratio of 171.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group grew its holdings in shares of MakeMyTrip by 13.8% in the fourth quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock worth $590,172,000 after purchasing an additional 869,728 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of MakeMyTrip by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock worth $423,332,000 after purchasing an additional 114,975 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of MakeMyTrip by 53.8% in the first quarter. Royal Bank of Canada now owns 3,498,642 shares of the technology company’s stock worth $130,464,000 after purchasing an additional 1,223,963 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MakeMyTrip by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company’s stock worth $201,064,000 after purchasing an additional 371,066 shares during the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of MakeMyTrip by 64.2% in the first quarter. Wasatch Advisors LP now owns 2,339,741 shares of the technology company’s stock worth $87,249,000 after purchasing an additional 914,402 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

More MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Negative Sentiment: MakeMyTrip’s quarterly revenue missed analyst estimates, outweighing the modest EPS beat and prompting a selloff. MakeMyTrip shares slide after revenue misses expectations despite earnings beat (MMYT)
• Negative Sentiment: Management said travel disruptions tied to the West Asia conflict hurt profitability, with reports highlighting a roughly 29.8% profit decline as the company shifts more focus to the domestic market. MakeMyTrip sharpens domestic focus as West Asia conflict drags down profit by 29.8%
• Negative Sentiment: Investors are also weighing ongoing investments, which may be pressuring near-term margins despite long-term growth potential. MakeMyTrip (MMYT) Is Down 7.8% After Mixed FY26 Earnings Under Travel Disruptions And Ongoing Investments

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.