Migdal Insurance & Financial Holdings Ltd. grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 73.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,009 shares of the company's stock after buying an additional 34,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 0.16% of monday.com worth $19,455,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Grove Bank & Trust acquired a new stake in monday.com in the 1st quarter worth approximately $30,000. Signaturefd LLC raised its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the last quarter. First Horizon Advisors Inc. raised its position in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after buying an additional 70 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in monday.com during the 4th quarter worth approximately $44,000. Finally, Farther Finance Advisors LLC raised its position in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after buying an additional 52 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. UBS Group reduced their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $325.00 target price on shares of monday.com in a report on Friday, June 27th. Scotiabank raised their target price on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 target price on shares of monday.com in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $349.23.
Read Our Latest Research Report on monday.com
monday.com Trading Down 2.6%
MNDY traded down $7.65 during midday trading on Monday, hitting $284.15. The company's stock had a trading volume of 461,054 shares, compared to its average volume of 737,720. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The firm has a market cap of $14.43 billion, a P/E ratio of 289.95, a PEG ratio of 105.59 and a beta of 1.30. The firm has a 50-day moving average price of $296.33 and a two-hundred day moving average price of $273.60.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The company 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%. monday.com's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.
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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