Mondee (NASDAQ:MOND) Shares Up 6.6%

Mondee Holdings, Inc. (NASDAQ:MONDGet Free Report) shot up 6.6% during trading on Monday . The stock traded as high as $2.52 and last traded at $2.43. 193,949 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 197,398 shares. The stock had previously closed at $2.28.

Analysts Set New Price Targets

Separately, Morgan Stanley initiated coverage on shares of Mondee in a research report on Friday, January 5th. They issued an “equal weight” rating and a $3.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

View Our Latest Research Report on Mondee

Mondee Trading Up 6.6 %

The company has a market cap of $208.54 million, a PE ratio of -2.93 and a beta of -0.08. The business’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $4.17.

Mondee (NASDAQ:MONDGet Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The firm had revenue of $54.53 million for the quarter, compared to the consensus estimate of $65.50 million. On average, research analysts predict that Mondee Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MOND. Savvy Advisors Inc. acquired a new stake in Mondee in the 4th quarter worth $28,000. Lazard Asset Management LLC acquired a new stake in Mondee in the 2nd quarter worth $28,000. Royal Bank of Canada grew its position in Mondee by 3,450.6% in the 2nd quarter. Royal Bank of Canada now owns 3,089 shares of the company’s stock worth $28,000 after purchasing an additional 3,002 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Mondee in the 2nd quarter worth $33,000. Finally, UBS Group AG acquired a new stake in Mondee in the 3rd quarter worth $50,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

About Mondee

(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.

Further Reading

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