HC Wainwright Reaffirms Buy Rating for Yatra Online (NASDAQ:YTRA)

Yatra Online (NASDAQ:YTRA)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a note issued to investors on Monday, Benzinga reports. They presently have a $4.00 price target on the technology company’s stock. HC Wainwright’s price objective indicates a potential upside of 161.44% from the stock’s current price.

Yatra Online Stock Performance

Shares of YTRA stock remained flat at $1.53 on Monday. The stock had a trading volume of 15,253 shares, compared to its average volume of 72,521. The stock has a market cap of $97.38 million, a price-to-earnings ratio of -21.85 and a beta of 1.38. The business has a fifty day moving average of $1.90 and a 200-day moving average of $2.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.97. Yatra Online has a 52 week low of $1.40 and a 52 week high of $3.00.

Yatra Online (NASDAQ:YTRA) last posted its quarterly earnings data on Monday, October 16th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Yatra Online had a negative net margin of 7.57% and a negative return on equity of 35.66%. The business had revenue of $13.48 million during the quarter.

Institutional Trading of Yatra Online

Several institutional investors and hedge funds have recently bought and sold shares of YTRA. FinTrust Capital Advisors LLC boosted its stake in shares of Yatra Online by 31.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 29,420 shares of the technology company’s stock worth $59,000 after acquiring an additional 7,100 shares during the period. Morgan Stanley lifted its position in shares of Yatra Online by 26.7% during the 4th quarter. Morgan Stanley now owns 59,250 shares of the technology company’s stock worth $143,000 after buying an additional 12,500 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Yatra Online in the third quarter valued at about $27,000. Susquehanna International Group LLP acquired a new position in Yatra Online during the first quarter worth about $34,000. Finally, Prelude Capital Management LLC boosted its stake in shares of Yatra Online by 23.3% in the 2nd quarter. Prelude Capital Management LLC now owns 97,722 shares of the technology company’s stock valued at $220,000 after purchasing an additional 18,446 shares in the last quarter. Institutional investors own 47.37% of the company’s stock.

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.