Zacks Investment Research lowered shares of Yatra Online (NASDAQ:YTRA) from a hold rating to a sell rating in a report issued 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. “

A number of other brokerages have also weighed in on YTRA. Oppenheimer reaffirmed a buy rating and issued a $13.00 price target (down from $15.00) on shares of Yatra Online in a research note on Monday, November 6th. Ladenburg Thalmann Financial Services started coverage on shares of Yatra Online in a research note on Thursday, September 7th. They issued a buy rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $14.56.

Shares of Yatra Online (NASDAQ:YTRA) traded down $0.04 during trading hours on Friday, hitting $8.12. 72,360 shares of the stock were exchanged, compared to its average volume of 124,886. The firm has a market cap of $235.85 and a price-to-earnings ratio of -1.61. Yatra Online has a 12 month low of $7.59 and a 12 month 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.

A number of hedge funds have recently added to or reduced their stakes in the stock. Silver Capital Management LLC lifted its stake in Yatra Online by 16.1% during the third quarter. Silver Capital Management LLC now owns 63,110 shares of the technology company’s stock valued at $684,000 after purchasing an additional 8,750 shares during the last quarter. Ashford Capital Management Inc. lifted its stake in Yatra Online by 19.0% during the second quarter. Ashford Capital Management Inc. now owns 71,410 shares of the technology company’s stock valued at $803,000 after purchasing an additional 11,410 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Yatra Online during the second quarter valued at approximately $201,000. Jane Street Group LLC acquired a new stake in Yatra Online during the third quarter valued at approximately $238,000. Finally, JPMorgan Chase & Co. acquired a new stake in Yatra Online during the third quarter valued at approximately $403,000. 10.08% of the stock is owned by institutional investors and hedge funds.

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About Yatra Online

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.

Analyst Recommendations for Yatra Online (NASDAQ:YTRA)

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