Mondee Holdings, Inc. (NASDAQ:MOND – Get Rating)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.73, but opened at $9.34. Mondee shares last traded at $9.50, with a volume of 102 shares.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on MOND shares. Tigress Financial began coverage on shares of Mondee in a research note on Thursday, December 29th. They issued a "buy" rating and a $16.00 price objective for the company. DA Davidson decreased their target price on shares of Mondee from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, November 11th. Finally, Roth Capital initiated coverage on shares of Mondee in a research report on Tuesday, December 13th. They issued a "buy" rating and a $12.00 price objective for the company.
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Mondee Stock Performance
The company's 50 day moving average price is $9.55.
Mondee (NASDAQ:MOND – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The firm had revenue of $39.47 million for the quarter, compared to analyst estimates of $41.09 million. As a group, research analysts expect that Mondee Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Mondee news, CEO Prasad Gundumogula acquired 15,000 shares of the firm's stock in a transaction on Wednesday, November 23rd. The stock was bought at an average cost of $8.62 per share, for a total transaction of $129,300.00. Following the completion of the purchase, the chief executive officer now directly owns 6,348,648 shares in the company, valued at $54,725,345.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 40,800 shares of company stock worth $348,868 over the last ninety days.
Institutional Trading of Mondee
Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in Mondee in the third quarter valued at $33,000. UBS Group AG bought a new position in shares of Mondee during the third quarter worth about $50,000. Finally, Cantor Fitzgerald L. P. bought a new position in Mondee in the 3rd quarter valued at about $696,000. 17.10% of the stock is owned by institutional investors and hedge funds.
About Mondee
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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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