Y.D. More Investments Ltd decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,860 shares of the company's stock after selling 1,097 shares during the quarter. Y.D. More Investments Ltd's holdings in monday.com were worth $2,398,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Spire Wealth Management boosted its position in monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC raised 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 during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of monday.com by 6.1% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after acquiring an additional 55 shares in the last quarter. First Horizon Advisors Inc. grew 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 acquiring an additional 70 shares during the last quarter. Finally, Signaturefd LLC grew its position in monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on MNDY shares. Morgan Stanley assumed coverage on monday.com in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price objective for the company. Scotiabank upped their price target 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. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the stock an "overweight" rating in a report on Friday, June 13th. Wall Street Zen downgraded shares of monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Robert W. Baird set a $310.00 target price on shares of monday.com and gave the stock an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $348.09.
View Our Latest Stock Report on MNDY
monday.com Stock Up 3.5%
Shares of monday.com stock opened at $258.72 on Thursday. The business has a fifty day simple moving average of $291.57 and a 200 day simple moving average of $276.98. The stock has a market cap of $13.14 billion, a PE ratio of 264.00, a price-to-earnings-growth ratio of 90.45 and a beta of 1.27. monday.com Ltd. has a 12 month low of $202.01 and a 12 month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The company's revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
monday.com 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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