Mondee (NASDAQ:MOND) Trading Down 0.9%

Mondee Holdings, Inc. (NASDAQ:MOND)’s stock price was down 0.9% during trading on Wednesday . The company traded as low as $2.13 and last traded at $2.17. Approximately 67,588 shares were traded during trading, a decline of 49% from the average daily volume of 131,847 shares. The stock had previously closed at $2.19.

Analyst Ratings Changes

MOND has been the subject of several analyst reports. JMP Securities cut their price target on shares of Mondee from $7.00 to $4.25 and set a “market outperform” rating for the company in a report on Tuesday, April 2nd. Roth Mkm lowered their price target on shares of Mondee from $5.50 to $4.10 and set a “buy” rating for the company in a research report on Friday, March 15th. Finally, Northland Securities lowered their price target on shares of Mondee from $6.50 to $4.50 and set an “outperform” rating for the company in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.97.

Mondee Price Performance

The company’s 50-day simple moving average is $2.22 and its 200-day simple moving average is $2.33. The stock has a market capitalization of $181.30 million, a P/E ratio of -2.13 and a beta of -0.01.

Mondee (NASDAQ:MOND) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.16). The business had revenue of $58.02 million for the quarter, compared to analysts’ expectations of $55.20 million. On average, analysts forecast that Mondee Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondee

Institutional investors and hedge funds have recently bought and sold shares of the company. Savvy Advisors Inc. bought a new position in shares of Mondee in the fourth quarter worth about $28,000. Simplicity Wealth LLC acquired a new stake in Mondee during the 1st quarter valued at approximately $88,000. Bleakley Financial Group LLC acquired a new stake in shares of Mondee during the 1st quarter worth approximately $89,000. Capstone Investment Advisors LLC acquired a new stake in shares of Mondee during the 4th quarter worth approximately $138,000. Finally, Tidal Investments LLC acquired a new stake in shares of Mondee during the 1st quarter worth approximately $675,000. Institutional investors own 32.14% of the company’s stock.

About Mondee

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.