Northland Securities Trims Mondee (NASDAQ:MOND) Target Price to $4.00

Mondee (NASDAQ:MOND) had its price target reduced by Northland Securities from $4.50 to $4.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Roth Mkm decreased their price objective on shares of Mondee from $4.10 to $3.25 and set a buy rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $4.70.

Mondee Trading Down 5.2 %

Shares of NASDAQ:MOND opened at $1.99 on Thursday. Mondee has a 1-year low of $1.92 and a 1-year high of $7.15. The stock has a market cap of $166.27 million, a PE ratio of -1.95 and a beta of 0.04. The stock’s fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.30.

Mondee (NASDAQ:MOND) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.21). The company had revenue of $58.33 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the previous year, the business posted ($0.12) EPS. On average, sell-side analysts forecast that Mondee will post -0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondee

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in shares of Mondee in the first quarter worth about $675,000. Capstone Investment Advisors LLC purchased a new position in Mondee in the 4th quarter valued at approximately $138,000. Bleakley Financial Group LLC purchased a new position in Mondee in the 1st quarter valued at approximately $89,000. Simplicity Wealth LLC bought a new stake in Mondee during the 1st quarter valued at $88,000. Finally, Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 21,943 shares in the last quarter. 32.14% of the stock is currently owned by 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.