Asset Management One Co. Ltd. grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 109.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,231 shares of the company's stock after buying an additional 14,213 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of monday.com worth $6,647,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust purchased a new position in shares of monday.com in the first quarter valued at $30,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of monday.com during the fourth quarter valued at $44,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MNDY. JPMorgan Chase & Co. decreased their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Scotiabank increased their price objective on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Loop Capital decreased their price objective on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Canaccord Genuity Group decreased their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, UBS Group decreased their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $347.09.
Check Out Our Latest Research Report on MNDY
monday.com Price Performance
NASDAQ MNDY opened at $307.96 on Friday. The firm has a market capitalization of $15.64 billion, a P/E ratio of 314.24, a P/E/G ratio of 111.43 and a beta of 1.30. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The business's 50-day simple moving average is $287.44 and its 200-day simple moving average is $267.63.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The company's revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, equities research analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
monday.com Profile
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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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