Vontobel Holding Ltd. Buys New Position in monday.com Ltd. (NASDAQ:MNDY)

Vontobel Holding Ltd. bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 908 shares of the company's stock, valued at approximately $221,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of monday.com by 904.8% during the 4th quarter. Jones Financial Companies Lllp now owns 834 shares of the company's stock worth $196,000 after buying an additional 751 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of monday.com by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,936 shares of the company's stock worth $5,871,000 after buying an additional 897 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of monday.com by 11.9% during the 4th quarter. Assetmark Inc. now owns 6,251 shares of the company's stock worth $1,472,000 after buying an additional 665 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of monday.com by 25.9% during the 4th quarter. Atria Investments Inc now owns 3,562 shares of the company's stock worth $839,000 after buying an additional 733 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of monday.com during the 4th quarter worth approximately $27,010,000. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

Shares of monday.com stock opened at $305.95 on Wednesday. monday.com Ltd. has a 1 year low of $188.01 and a 1 year high of $342.64. The firm has a market cap of $15.53 billion, a PE ratio of 312.19, a P/E/G ratio of 111.23 and a beta of 1.30. The stock has a fifty day moving average price of $294.01 and a 200-day moving average price of $270.09.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

MNDY has been the topic of a number of research analyst reports. Loop Capital cut their price target on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays lowered their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. UBS Group lowered their target price on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Jefferies Financial Group lowered their target price 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. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.09.

About monday.com

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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