Yatra Online (YTRA) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Yatra Online (NASDAQ:YTRA) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

According to Zacks, “Yatra Online, Inc. provides online travel agency services. The company operates through website www.yatra.com, mobile applications and associated platforms to book airline, railway and bus tickets as well as car and hotel accommodations for customers. Its product portfolio includes flights, hotels, trains, holidays, bus and activities. Yatra Online, Inc. is headquatered in New Delhi, India. “

YTRA has been the subject of several other reports. Oppenheimer reaffirmed a buy rating and set a $13.00 target price (down from $15.00) on shares of Yatra Online in a report on Monday, November 6th. Ladenburg Thalmann Financial Services started coverage on Yatra Online in a report on Thursday, September 7th. They set a buy rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $14.56.

Yatra Online (NASDAQ:YTRA) opened at $8.12 on Friday. The company has a market capitalization of $280.57 and a P/E ratio of -1.71. Yatra Online has a fifty-two week low of $7.59 and a fifty-two week high of $12.85. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -1.47.

Several hedge funds and other institutional investors have recently modified their holdings of YTRA. Ashford Capital Management Inc. lifted its position in Yatra Online by 19.0% in the second quarter. Ashford Capital Management Inc. now owns 71,410 shares of the technology company’s stock worth $803,000 after purchasing an additional 11,410 shares during the period. Legato Capital Management LLC acquired a new stake in Yatra Online in the third quarter worth approximately $1,204,000. Royce & Associates LP acquired a new stake in Yatra Online in the second quarter worth approximately $843,000. Whetstone Capital Advisors LLC acquired a new stake in Yatra Online in the third quarter worth approximately $3,665,000. Finally, First Trust Advisors LP acquired a new stake in Yatra Online in the third quarter worth approximately $3,242,000. Institutional investors and hedge funds own 10.08% of the company’s stock.

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Yatra Online Company Profile

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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