Asset Management One Co. Ltd. boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 109.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,231 shares of the company's stock after acquiring an additional 14,213 shares during the period. Asset Management One Co. Ltd. owned 0.05% of monday.com worth $6,647,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Grove Bank & Trust acquired a new stake in monday.com during the 1st quarter worth approximately $30,000. Signaturefd LLC lifted its holdings in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of monday.com in the fourth quarter valued at about $44,000. Finally, Farther Finance Advisors LLC grew its stake in shares of monday.com by 32.7% in 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 in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Down 1.4%
monday.com stock traded down $4.16 during mid-day trading on Wednesday, hitting $299.60. 217,931 shares of the stock were exchanged, compared to its average volume of 736,942. The firm's fifty day simple moving average is $290.47 and its two-hundred day simple moving average is $268.06. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 305.77, a PEG ratio of 113.79 and a beta of 1.30.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The business had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The business's quarterly revenue was up 30.2% compared to the same quarter last year. As a group, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Analyst Ratings Changes
MNDY has been the subject of several analyst reports. UBS Group dropped their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Scotiabank upped their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. DA Davidson decreased their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $400.00 target price on shares of monday.com in a research report on Tuesday, May 13th. Finally, Morgan Stanley initiated coverage on shares of monday.com in a report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $347.09.
Read Our Latest Report on monday.com
About monday.com
(
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.
Read More
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
