Yatra Online, Inc. (YTRA) Earns Outperform Rating from Analysts at CIBC
CIBC assumed coverage on shares of Yatra Online, Inc. (NASDAQ:YTRA) in a report released on Wednesday, July 12th. The brokerage set an “outperform” rating and a $15.00 price target on the technology company’s stock. CIBC’s target price indicates a potential upside of 45.63% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG initiated coverage on shares of Yatra Online in a report on Thursday, June 15th. They issued a “buy” rating and a $15.00 price target for the company. Oppenheimer Holdings, Inc. initiated coverage on shares of Yatra Online in a report on Tuesday, July 11th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Macquarie initiated coverage on shares of Yatra Online in a report on Monday, June 5th. They set an “outperform” rating and a $14.80 target price for the company.
Shares of Yatra Online (NASDAQ YTRA) traded down 0.87% during midday trading on Wednesday, reaching $10.30. 122,431 shares of the company’s stock were exchanged. The firm’s market cap is $315.23 million. Yatra Online has a one year low of $7.71 and a one year high of $12.85. The stock’s 50-day moving average is $11.14 and its 200 day moving average is $9.72.
An institutional investor recently bought a new position in Yatra Online stock. Silver Capital Management LLC bought a new stake in Yatra Online, Inc. (NASDAQ:YTRA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,360 shares of the technology company’s stock, valued at approximately $612,000. Yatra Online comprises about 2.4% of Silver Capital Management LLC’s holdings, making the stock its 18th largest position. Silver Capital Management LLC owned approximately 0.18% of Yatra Online at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.44% of the company’s stock.
About Yatra Online
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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