MakeMyTrip (NASDAQ:MMYT) Cut to “Strong Sell” at Zacks Research

MakeMyTrip (NASDAQ:MMYT) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

MMYT has been the topic of several other research reports. Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.00.

MakeMyTrip Stock Up 3.5%

Shares of MMYT opened at $42.93 on Tuesday. The business’s 50 day simple moving average is $43.95 and its 200-day simple moving average is $61.24. MakeMyTrip has a 1 year low of $32.67 and a 1 year high of $105.23. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 171.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85.

Institutional Trading of MakeMyTrip

A number of hedge funds and other institutional investors have recently bought and sold shares of MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in MakeMyTrip by 11.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 1,721 shares during the period. Daiwa Securities Group Inc. increased its stake in MakeMyTrip by 24.7% in the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock worth $336,000 after purchasing an additional 679 shares during the period. Nebula Research & Development LLC increased its stake in MakeMyTrip by 9.2% in the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 1,345 shares during the period. Sei Investments Co. increased its stake in MakeMyTrip by 14.9% in the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock worth $51,054,000 after purchasing an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in MakeMyTrip by 108.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after purchasing an additional 104,641 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip News Summary

Here are the key news stories impacting MakeMyTrip this week:

• Negative Sentiment: MakeMyTrip’s quarterly revenue missed analyst estimates, outweighing the modest EPS beat and prompting a selloff. MakeMyTrip shares slide after revenue misses expectations despite earnings beat (MMYT)
• Negative Sentiment: Management said travel disruptions tied to the West Asia conflict hurt profitability, with reports highlighting a roughly 29.8% profit decline as the company shifts more focus to the domestic market. MakeMyTrip sharpens domestic focus as West Asia conflict drags down profit by 29.8%
• Negative Sentiment: Investors are also weighing ongoing investments, which may be pressuring near-term margins despite long-term growth potential. MakeMyTrip (MMYT) Is Down 7.8% After Mixed FY26 Earnings Under Travel Disruptions And Ongoing Investments

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.