Mondee (NASDAQ:MOND) Shares Up 3.9%

Shares of Mondee Holdings, Inc. (NASDAQ:MOND) were up 3.9% during mid-day trading on Friday . The stock traded as high as $1.73 and last traded at $1.72. Approximately 86,104 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 124,596 shares. The stock had previously closed at $1.66.

Wall Street Analysts Forecast Growth

MOND has been the topic of several analyst reports. Roth Mkm dropped their target price on Mondee from $4.10 to $3.25 and set a “buy” rating on the stock in a report on Thursday, August 15th. Northland Securities dropped their price objective on shares of Mondee from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondee currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.70.

Mondee Trading Up 3.9 %

The company has a market cap of $150.36 million, a price-to-earnings ratio of -1.69 and a beta of -0.02. The business has a fifty day moving average of $2.24 and a two-hundred day moving average of $2.25.

Mondee (NASDAQ:MOND) last announced its earnings results on Wednesday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.21). The firm had revenue of $58.33 million during the quarter, compared to analysts’ expectations of $61.22 million. During the same quarter last year, the business earned ($0.12) EPS. On average, research analysts forecast that Mondee Holdings, Inc. will post -0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondee

Large investors have recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in Mondee during the 1st quarter worth $675,000. Capstone Investment Advisors LLC purchased a new position in Mondee in the 4th quarter worth approximately $138,000. Bleakley Financial Group LLC acquired a new position in shares of Mondee during the 1st quarter worth approximately $89,000. Simplicity Wealth LLC purchased a new stake in shares of Mondee in the first quarter valued at approximately $88,000. Finally, Vanguard Group Inc. lifted its position in Mondee by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,226,684 shares of the company’s stock worth $5,144,000 after buying an additional 21,943 shares in the last quarter. 32.14% of the stock is currently owned by hedge funds and other institutional investors.

Mondee Company Profile

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.