China Universal Asset Management Co. Ltd. grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,700 shares of the company's stock after purchasing an additional 900 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in monday.com were worth $4,304,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Grove Bank & Trust acquired a new stake in monday.com during the 1st quarter worth approximately $30,000. Signaturefd LLC increased its stake in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of monday.com in the 4th quarter valued at $44,000. Finally, Farther Finance Advisors LLC grew its position in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.
monday.com Trading Down 2.7%
Shares of NASDAQ:MNDY traded down $8.43 during trading on Thursday, reaching $301.19. 548,472 shares of the company traded hands, compared to its average volume of 737,791. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 307.34, a P/E/G ratio of 110.88 and a beta of 1.30. The business's fifty day moving average is $294.58 and its 200-day moving average is $270.36. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its 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. The company had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
MNDY has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price objective on shares of monday.com in a report on Tuesday, May 13th. UBS Group lowered 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. DA Davidson decreased their price target on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group decreased their price target on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $349.23.
Read Our Latest Stock Report on MNDY
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.
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