Monaker Group (NASDAQ:MKGI) Announces Earnings Results

Monaker Group (NASDAQ:MKGI) released its quarterly earnings results on Monday. The company reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.33), Fidelity Earnings reports. Monaker Group had a negative return on equity of 91.87% and a negative net margin of 5,992.37%.

NASDAQ MKGI traded up $0.08 on Wednesday, reaching $2.45. The company had a trading volume of 167,613 shares, compared to its average volume of 267,732. The firm has a market capitalization of $57.45 million, a price-to-earnings ratio of -4.54 and a beta of 2.56. Monaker Group has a 1 year low of $1.20 and a 1 year high of $4.99. The firm’s 50-day moving average is $2.77.

A hedge fund recently raised its stake in Monaker Group stock. Morgan Stanley boosted its stake in Monaker Group, Inc. (NASDAQ:MKGI) by 78.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,680 shares of the company’s stock after acquiring an additional 4,680 shares during the quarter. Morgan Stanley owned about 0.05% of Monaker Group worth $36,000 at the end of the most recent reporting period. 4.11% of the stock is owned by hedge funds and other institutional investors.

About Monaker Group

Monaker Group, Inc operates an online marketplace for the alternative lodging rental (ALR) market worldwide. The company offers ALR products and services to property owners and managers, travelers, and other travel/lodging distributors. It provides its products and services through NextTrip.com, NextTrip.biz, Maupintour.com, EXVG.com, TravelMagazine.com, and nexttripvacations.com.

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Earnings History for Monaker Group (NASDAQ:MKGI)

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