Oppenheimer & Co. Inc. lessened its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 31.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,643 shares of the company's stock after selling 2,122 shares during the period. Oppenheimer & Co. Inc.'s holdings in monday.com were worth $1,129,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust purchased a new position in monday.com in the first quarter valued at approximately $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 worth $34,000 after purchasing an additional 88 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of monday.com in the 4th quarter worth about $44,000. Finally, Farther Finance Advisors LLC raised 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 worth $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.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MNDY. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Piper Sandler reiterated an "overweight" rating and issued a $325.00 price target on shares of monday.com in a research note on Friday, June 27th. Jefferies Financial Group dropped their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. DA Davidson decreased their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley initiated coverage on monday.com in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.09.
Read Our Latest Research Report on MNDY
monday.com Stock Down 1.4%
Shares of NASDAQ:MNDY traded down $4.16 during midday trading on Wednesday, reaching $299.60. The company's stock had a trading volume of 217,931 shares, compared to its average volume of 736,942. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The firm has a market capitalization of $15.21 billion, a PE ratio of 305.77, a P/E/G ratio of 113.79 and a beta of 1.30. The stock has a fifty day moving average of $290.47 and a 200 day moving average of $268.06.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping 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 business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
monday.com Company 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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