International Assets Investment Management LLC Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

International Assets Investment Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 138,040 shares of the company's stock, valued at approximately $25,925,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crewe Advisors LLC grew its holdings in monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company's stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in monday.com by 26.8% during the 4th quarter. Advisors Asset Management Inc. now owns 383 shares of the company's stock worth $47,000 after acquiring an additional 81 shares in the last quarter. Royal Bank of Canada lifted its position in shares of monday.com by 49.6% during the first quarter. Royal Bank of Canada now owns 347 shares of the company's stock valued at $55,000 after buying an additional 115 shares during the last quarter. Arlington Partners LLC lifted its position in shares of monday.com by 104.1% during the third quarter. Arlington Partners LLC now owns 247 shares of the company's stock valued at $39,000 after buying an additional 126 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of monday.com by 10.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,404 shares of the company's stock valued at $170,000 after buying an additional 131 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Down 7.3 %

Shares of monday.com stock traded down $15.84 during midday trading on Wednesday, hitting $199.91. The company had a trading volume of 1,859,626 shares, compared to its average volume of 818,199. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -2,897.73 and a beta of 1.18. The company has a fifty day simple moving average of $220.10 and a 200 day simple moving average of $187.16. monday.com Ltd. has a 12-month low of $108.35 and a 12-month high of $239.22.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The company had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. During the same quarter in the prior year, the company earned ($0.03) EPS. monday.com's quarterly revenue was up 35.5% on a year-over-year basis. As a group, analysts expect that monday.com Ltd. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNDY. Oppenheimer increased their price target on shares of monday.com from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 13th. Bank of America began coverage on shares of monday.com in a research report on Monday, February 26th. They set a "buy" rating and a $280.00 price target for the company. Jefferies Financial Group raised shares of monday.com from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $230.00 in a research report on Friday, January 5th. KeyCorp began coverage on shares of monday.com in a research report on Thursday, March 21st. They set an "overweight" rating and a $275.00 price target for the company. Finally, Citigroup lowered shares of monday.com from a "buy" rating to a "neutral" rating and decreased their price target for the company from $277.00 to $250.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.33.

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.