MAK Capital One LLC recently announced the acquisition of new stake in Yatra Online Inc. (NASDAQ:YTRA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.45% to 12.17 million shares with purchase of 54422.0 shares. This fresh investment now brings its stake to 20.82% valued currently at $29.33 million. In addition, Altai Capital Management LP raised its holdings by 3274.0 to 4.78 million shares. And Letko, Brosseau & Associates Inc. has lifted its position by 2.34% or 50000.0 shares – to 2.19 million shares.
With over 0.32 million Yatra Online Inc. (YTRA) shares trading Monday and a closing price of $2.27 on the day, the dollar volume was approximately $0.74 million. The shares have shown a negative half year performance of -8.10% and its price on 01/23/23 lost nearly -1.52%. Currently, there are 62.77M common shares owned by the public and among those 56.11M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for YTRA have a consensus price objective of $3.83. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.50. The average price target is 40.73% above its recent price level and an upside to the estimated low will see the stock gain 35.14% over that period. But an upside of 43.25% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
The top 3 mutual fund holders in Yatra Online Inc. are OAKS Emerging Umbrella Fund – Eme, ETFMG Travel Tech ETF, and Haas invest4 innovation. OAKS Emerging Umbrella Fund – Eme owns 1.0 million shares of the company’s stock, all valued at over $2.42 million. Haas invest4 innovation bought 73311.0 shares to bring its total holdings to over 0.4 million shares at a value of $0.97 million. Haas invest4 innovation now owns shares totaling to 0.69% of the shares outstanding.
Shares of Yatra Online Inc. (NASDAQ: YTRA) opened at $2.29, down -$0.02 from a prior closing price of $2.31. However, the script later moved the day high at 2.3199, down -1.52%. The company’s stock has a 5-day price change of -11.67% and -3.40% over the past three months. YTRA shares are trading -5.81% year to date (YTD), with the 12-month market performance up to 15.82% higher. It has a 12-month low price of $1.32 and touched a high of $3.00 over the same period. YTRA has an average intraday trading volume of 207.26K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.98%, -6.20%, and -0.10% respectively.
Institutional ownership of Yatra Online Inc. (NASDAQ: YTRA) shares accounts for 66.30% of the company’s 62.77M shares outstanding. Mutual fund holders own 3.98%, while other institutional holders and individual stakeholders account for 63.76% and 3.87% respectively.
It has a market capitalization of $148.62M and a beta (3y monthly) value of 1.47. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.35% over the week and 5.70% over the month.
Analysts forecast that Yatra Online Inc. (YTRA) will achieve an EPS of $0.02 for the current quarter, $0.02 for the next quarter and $0.16 for 2024. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 62.40%, and 180.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Yatra Online Inc. (YTRA) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the YTRA, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on December 03, 2020, with the firm’s price target at $3. Citigroup was of a view on July 20, 2018 that the stock is Buy, while Ladenburg Thalmann gave the stock Buy rating on September 07, 2017, issuing a price target of $15. Oppenheimer on their part issued Outperform rating on July 12, 2017.