Equities research analysts at Goldman Sachs Group initiated coverage on shares of MakeMyTrip (NASDAQ:MMYT) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $36.00 price target on the technology company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 25.65% from the stock’s current price.

Several other analysts also recently weighed in on MMYT. Jefferies Group downgraded shares of MakeMyTrip from a “buy” rating to a “hold” rating and boosted their price target for the stock from $19.80 to $32.00 in a research note on Thursday, August 10th. TheStreet downgraded shares of MakeMyTrip from a “c-” rating to a “d” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, UBS downgraded shares of MakeMyTrip from a “buy” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.28.

MakeMyTrip (MMYT) traded down $1.75 during midday trading on Thursday, hitting $28.65. 291,924 shares of the stock were exchanged, compared to its average volume of 375,427. MakeMyTrip has a 52 week low of $22.05 and a 52 week high of $40.90.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.27. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The company had revenue of $139.20 million during the quarter, compared to the consensus estimate of $110.72 million. During the same period in the previous year, the firm posted ($0.61) EPS. The firm’s revenue was up 161.7% compared to the same quarter last year. research analysts predict that MakeMyTrip will post -2.22 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of MMYT. Janus Henderson Group PLC purchased a new position in shares of MakeMyTrip during the second quarter valued at about $80,153,000. Franklin Resources Inc. increased its position in shares of MakeMyTrip by 110.7% during the second quarter. Franklin Resources Inc. now owns 1,930,468 shares of the technology company’s stock valued at $64,753,000 after buying an additional 1,014,468 shares during the period. Capital World Investors increased its position in shares of MakeMyTrip by 20.9% during the second quarter. Capital World Investors now owns 5,679,214 shares of the technology company’s stock valued at $190,201,000 after buying an additional 981,229 shares during the period. William Blair Investment Management LLC purchased a new position in shares of MakeMyTrip during the second quarter valued at about $25,187,000. Finally, JHL Capital Group LLC increased its position in shares of MakeMyTrip by 32.5% during the second quarter. JHL Capital Group LLC now owns 1,656,000 shares of the technology company’s stock valued at $55,559,000 after buying an additional 406,000 shares during the period. 44.88% of the stock is owned by hedge funds and other institutional investors.

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MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

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