In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Mondee Holdings (MOND – Research Report), with a price target of $6.50. The company’s shares closed yesterday at $3.81.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 7.9% and a 44.47% success rate. Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, Encore Capital, and Lendingtree.
Mondee Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $6.00, implying a 57.69% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $5.50 price target.
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Based on Mondee Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $56.77 million and a GAAP net loss of $14.61 million. In comparison, last year the company earned a revenue of $45.66 million and had a GAAP net loss of $2.11 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MOND in relation to earlier this year.
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Mondee Holdings (MOND) Company Description:
ITHAX Acquisition Corp is a blank check company.
Read More on MOND:
- Mondee reports Q3 adjusted EPS (10c), consensus (11c)
- Mondee Q3 2023 Results: Robust Growth with Record Profitability and Cash Flow Generation
- Mondee to Report Third Quarter 2023 Financial Results on November 14, 2023
- Mondee expands share repurchase program to up to $40M
- Mondee Enhances Capital Structure with Additional Preferred Equity, Expands Share Repurchase Program to up to $40 Million
