Analysts Set MakeMyTrip Limited (NASDAQ:MMYT) Price Target at $101.00

MakeMyTrip Limited (NASDAQ:MMYT) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $101.00.

A number of equities research analysts have commented on MMYT shares. The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday.

Institutional Trading of MakeMyTrip

A number of hedge funds and other institutional investors have recently made changes to their positions in MMYT. Leonteq Securities AG bought a new stake in shares of MakeMyTrip during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC raised its stake in shares of MakeMyTrip by 74.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock valued at $37,000 after purchasing an additional 422 shares during the period. Parallel Advisors LLC raised its stake in shares of MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after purchasing an additional 284 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of MakeMyTrip during the 4th quarter valued at $46,000. Finally, Stone House Investment Management LLC raised its stake in shares of MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after purchasing an additional 200 shares during the period. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Down 5.2%

Shares of MakeMyTrip stock opened at $44.39 on Friday. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. MakeMyTrip has a 52 week low of $32.67 and a 52 week high of $104.99. The stock has a 50 day moving average price of $44.03 and a two-hundred day moving average price of $58.89. The stock has a market capitalization of $4.94 billion, a PE ratio of 177.56 and a beta of 1.01.

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.