Monaker Group (NASDAQ:MKGI) Releases Quarterly Earnings Results, Misses Expectations By $0.33 EPS

Monaker Group (NASDAQ:MKGI) issued its quarterly earnings data on Monday. The company reported ($0.48) EPS for the quarter, missing the 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%.

Shares of Monaker Group stock opened at $2.45 on Wednesday. The stock has a market capitalization of $57.45 million, a P/E ratio of -4.54 and a beta of 2.56. Monaker Group has a 52 week low of $1.20 and a 52 week high of $4.99. The business has a 50 day moving average of $2.77.

An institutional investor recently raised its position in Monaker Group stock. Morgan Stanley raised its stake in Monaker Group, Inc. (NASDAQ:MKGI) by 78.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,680 shares of the company’s stock after purchasing an additional 4,680 shares during the quarter. Morgan Stanley owned 0.05% of Monaker Group worth $36,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.11% of the company’s stock.

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.

Further Reading: When is a capital gain realized?

Earnings History for Monaker Group (NASDAQ:MKGI)

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