Mondee (NASDAQ:MOND) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Mondee (NASDAQ:MONDFree Report) in a report published on Monday morning, Benzinga reports. They currently have a $9.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on MOND. JMP Securities restated a market outperform rating and issued a $13.00 target price on shares of Mondee in a research report on Wednesday, July 26th. Northland Securities cut their target price on Mondee from $12.00 to $10.00 and set an outperform rating for the company in a research report on Tuesday, September 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $12.17.

Read Our Latest Stock Report on Mondee

Mondee Stock Performance

NASDAQ:MOND opened at $6.78 on Monday. Mondee has a one year low of $5.77 and a one year high of $14.25. The business’s 50-day simple moving average is $7.00 and its 200 day simple moving average is $9.26. The stock has a market cap of $573.71 million, a price-to-earnings ratio of -4.58 and a beta of -0.22.

Mondee (NASDAQ:MONDGet Free Report) last announced its quarterly earnings data on Tuesday, August 15th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $56.77 million during the quarter, compared to analysts’ expectations of $55.25 million. On average, equities research analysts predict that Mondee will post -0.48 EPS for the current year.

Insider Activity

In related news, CEO Prasad Gundumogula acquired 37,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $6.04 per share, with a total value of $223,480.00. Following the transaction, the chief executive officer now owns 9,855,494 shares of the company’s stock, valued at approximately $59,527,183.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 62,000 shares of company stock valued at $384,380 in the last quarter. Company insiders own 46.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ETF Managers Group LLC bought a new position in shares of Mondee during the fourth quarter valued at $2,635,000. Alphabet Inc. purchased a new position in Mondee in the 1st quarter worth approximately $206,000. UBS Group AG lifted its holdings in shares of Mondee by 3,415.0% in the 1st quarter. UBS Group AG now owns 4,921 shares of the company’s stock worth $55,000 after acquiring an additional 4,781 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Mondee during the 2nd quarter valued at $33,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Mondee in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

Mondee Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mondee (NASDAQ:MOND)

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