Northland Securities Trims Mondee (NASDAQ:MOND) Target Price to $4.50

Mondee (NASDAQ:MOND) had its price target cut by Northland Securities from $6.50 to $4.50 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Morgan Stanley began coverage on shares of Mondee in a report on Friday, January 5th. They issued an equal weight rating and a $3.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $8.43.

Mondee Stock Up 1.4 %

NASDAQ MOND traded up $0.03 on Friday, hitting $2.24. 196,774 shares of the stock were exchanged, compared to its average volume of 167,158. Mondee has a fifty-two week low of $1.92 and a fifty-two week high of $14.23. The company has a market cap of $192.24 million, a PE ratio of -2.55 and a beta of -0.07. The company has a 50-day moving average price of $2.30 and a 200-day moving average price of $3.34.

Mondee (NASDAQ:MOND) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.08). The business had revenue of $61.05 million for the quarter, compared to the consensus estimate of $55.53 million. As a group, equities research analysts predict that Mondee will post -0.39 EPS for the current fiscal year.

Institutional Trading of Mondee

Several institutional investors and hedge funds have recently bought and sold shares of MOND. BlackRock Inc. purchased a new stake in Mondee in the 2nd quarter valued at $19,795,000. TCW Group Inc. purchased a new position in Mondee during the 1st quarter worth $17,512,000. Citadel Advisors LLC purchased a new position in Mondee during the 2nd quarter worth $5,848,000. State Street Corp purchased a new position in Mondee during the 2nd quarter worth $5,843,000. Finally, Vanguard Group Inc. raised its position in Mondee by 36.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,184,574 shares of the company’s stock worth $7,799,000 after buying an additional 585,095 shares during the last quarter. Hedge funds and other institutional investors own 21.62% of the company’s stock.

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.