Assenagon Asset Management S.A. increased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 754.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 440,622 shares of the company's stock after purchasing an additional 389,073 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.87% of monday.com worth $107,142,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MNDY. Yousif Capital Management LLC raised its holdings in monday.com by 4.6% during the 1st quarter. Yousif Capital Management LLC now owns 1,948 shares of the company's stock valued at $474,000 after acquiring an additional 85 shares during the period. Farther Finance Advisors LLC grew its position in monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after acquiring an additional 52 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in monday.com in the first quarter worth $280,000. Viking Fund Management LLC purchased a new position in monday.com in the first quarter worth $1,216,000. Finally, Whipplewood Advisors LLC lifted its stake in monday.com by 954.5% in the first quarter. Whipplewood Advisors LLC now owns 348 shares of the company's stock worth $85,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 73.70% of the company's stock.
Analyst Ratings Changes
MNDY has been the subject of several recent research reports. Scotiabank boosted their price target on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Barclays lowered their price objective on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Loop Capital decreased their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group cut their price target on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.86.
Check Out Our Latest Report on MNDY
monday.com Stock Performance
Shares of NASDAQ:MNDY traded down $19.01 on Friday, reaching $279.95. The company's stock had a trading volume of 899,019 shares, compared to its average volume of 743,219. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The company has a 50-day simple moving average of $277.67 and a 200 day simple moving average of $267.02. The company has a market cap of $14.21 billion, a P/E ratio of 466.58, a PEG ratio of 16.53 and a beta of 1.30.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same period in the previous year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
monday.com Profile
(
Free Report)
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.
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