Raymond James & Associates boosted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,525 shares of the company's stock after buying an additional 4,457 shares during the period. Raymond James & Associates' holdings in monday.com were worth $2,352,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Yarbrough Capital LLC grew its position in shares of monday.com by 47.4% during the 4th quarter. Yarbrough Capital LLC now owns 4,070 shares of the company's stock worth $764,000 after purchasing an additional 1,309 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of monday.com during the 4th quarter worth approximately $302,000. Jackson Square Capital LLC bought a new stake in shares of monday.com during the 4th quarter worth approximately $1,647,000. Harbor Capital Advisors Inc. lifted its holdings in shares of monday.com by 199.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $481,000 after acquiring an additional 1,705 shares during the period. Finally, Renaissance Capital LLC lifted its holdings in shares of monday.com by 27.9% during the 4th quarter. Renaissance Capital LLC now owns 15,783 shares of the company's stock worth $2,964,000 after acquiring an additional 3,439 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MNDY shares. Oppenheimer upped their price target on shares of monday.com from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. Tigress Financial raised their price target on shares of monday.com from $240.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Jefferies Financial Group raised shares of monday.com from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $230.00 in a research note on Friday, January 5th. Citigroup cut shares of monday.com from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. Finally, Bank of America assumed coverage on shares of monday.com in a report on Monday, February 26th. They issued a "buy" rating and a $280.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $238.33.
Get Our Latest Analysis on MNDY
monday.com Trading Up 2.0 %
Shares of MNDY traded up $3.67 during trading hours on Tuesday, reaching $187.92. 862,076 shares of the stock traded hands, compared to its average volume of 816,301. The company has a market cap of $9.07 billion, a price-to-earnings ratio of -2,684.19 and a beta of 1.18. monday.com Ltd. has a 52 week low of $108.35 and a 52 week high of $239.22. The stock has a fifty day simple moving average of $218.16 and a 200 day simple moving average of $188.48.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. The business had revenue of $202.60 million for the quarter, compared to analyst estimates of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The company's revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Analysts predict that monday.com Ltd. will post -0.16 earnings per share for the current fiscal 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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