MakeMyTrip (NASDAQ:MMYT) Cut to “Strong Sell” at Zacks Research

MakeMyTrip (NASDAQ:MMYT) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on MMYT. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Citigroup restated a “buy” rating on shares of MakeMyTrip in a research note on Tuesday. Finally, Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

MakeMyTrip Stock Performance

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

Institutional Investors Weigh In On MakeMyTrip

A number of institutional investors have recently added to or reduced their stakes in MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MakeMyTrip by 11.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock valued at $1,642,000 after purchasing an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in MakeMyTrip by 24.7% during the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after purchasing an additional 679 shares in the last quarter. Nebula Research & Development LLC boosted its position in MakeMyTrip by 9.2% during the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 1,345 shares in the last quarter. Sei Investments Co. boosted its position in MakeMyTrip by 14.9% during the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after purchasing an additional 67,367 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in MakeMyTrip by 108.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock valued at $19,712,000 after purchasing an additional 104,641 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Key Headlines Impacting MakeMyTrip

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.