Yatra Online, Inc. (YTRA) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Yatra Online, Inc. (NASDAQ:YTRA) released its earnings results on Monday. The technology company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.04, Morningstar.com reports. The business had revenue of $46.84 million for the quarter, compared to analysts’ expectations of $24.09 million.

Yatra Online (NASDAQ:YTRA) traded up 2.91% during mid-day trading on Tuesday, reaching $10.97. 127,851 shares of the company’s stock traded hands. The company has a 50-day moving average of $11.14 and a 200-day moving average of $9.72. Yatra Online has a 52-week low of $7.71 and a 52-week high of $12.85. The company’s market capitalization is $335.74 million.

Several research firms have commented on YTRA. CIBC began coverage on shares of Yatra Online in a research note on Wednesday, July 12th. They issued an “outperform” rating and a $15.00 target price for the company. Oppenheimer Holdings, Inc. began coverage on shares of Yatra Online in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $15.00 target price for the company. Deutsche Bank AG began coverage on shares of Yatra Online in a research note on Thursday, June 15th. They issued a “buy” rating and a $15.00 target price for the company. Finally, Macquarie began coverage on shares of Yatra Online in a research note on Monday, June 5th. They issued an “outperform” rating and a $14.80 target price for the company.

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Several large investors have recently modified their holdings of YTRA. Silver Capital Management LLC purchased a new stake in shares of Yatra Online during the second quarter valued at approximately $612,000. Spark Investment Management LLC purchased a new stake in shares of Yatra Online during the second quarter valued at approximately $706,000. Finally, Royce & Associates LP purchased a new stake in shares of Yatra Online during the second quarter valued at approximately $843,000. Institutional investors and hedge funds own 22.93% of the company’s stock.

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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