Ascendiant Capital Markets initiated coverage on shares of Monaker Group (OTCMKTS:MKGI) in a research report sent to investors on Monday morning, The Fly reports. The firm issued a buy rating and a $4.50 price objective on the stock.

Shares of MKGI opened at $3.37 on Monday. Monaker Group has a fifty-two week low of $0.85 and a fifty-two week high of $3.78.

A number of large investors have recently made changes to their positions in MKGI. Vanguard Group Inc acquired a new stake in Monaker Group in the third quarter valued at about $212,000. Vanguard Group Inc. acquired a new stake in Monaker Group in the third quarter valued at about $212,000. Granite Investment Partners LLC acquired a new stake in Monaker Group in the first quarter valued at about $175,000. Finally, Westwood Management Corp IL acquired a new stake in Monaker Group in the first quarter valued at about $61,000.

Monaker Group Company Profile

Monaker Group, Inc, formerly Next 1 Interactive, Inc, is a technology driven travel and logistics company. The Company operates NextTrip.com, an online marketplace for the alternative lodging rental (ALR) industry. It operates through a segment consisting of various products and services related to its online marketplace of travel and related logistics, including destination tours/activities, accommodation rental listings, hotel listings, air and car rental.

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The Fly

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