HC Wainwright Reiterates “Buy” Rating for Yatra Online (NASDAQ:YTRA)

Yatra Online (NASDAQ:YTRA)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $3.00 target price on the technology company’s stock. HC Wainwright’s price objective suggests a potential upside of 203.89% from the stock’s current price.

Yatra Online Stock Performance

YTRA stock opened at $0.99 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $62.31 million, a price-to-earnings ratio of -98.72 and a beta of 0.89. Yatra Online has a 1 year low of $0.58 and a 1 year high of $1.75. The stock’s fifty day moving average is $0.74 and its two-hundred day moving average is $1.02.

Yatra Online (NASDAQ:YTRA) last posted its earnings results on Thursday, May 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Yatra Online had a negative net margin of 0.46% and a positive return on equity of 0.27%. The company had revenue of $25.66 million during the quarter, compared to the consensus estimate of $2.26 billion. On average, research analysts predict that Yatra Online will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Yatra Online

A hedge fund recently bought a new stake in Yatra Online stock. Millennium Management LLC acquired a new stake in shares of Yatra Online, Inc. (NASDAQ:YTRA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,639 shares of the technology company’s stock, valued at approximately $25,000. 50.97% of the stock is currently owned by institutional investors.

About Yatra Online

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers.