monday.com Ltd. (NASDAQ:MNDY) Short Interest Update

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,040,000 shares, a growth of 19.2% from the February 28th total of 2,550,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 2.9 days. Approximately 7.9% of the shares of the company are sold short.

monday.com Stock Performance

NASDAQ MNDY traded up $3.24 during trading hours on Monday, reaching $221.01. The company's stock had a trading volume of 1,347,118 shares, compared to its average volume of 804,477. The stock has a market cap of $11.22 billion, a PE ratio of 368.35, a PEG ratio of 16.53 and a beta of 1.34. The company's 50-day moving average is $272.65 and its two-hundred day moving average is $269.91. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stonebridge Financial Group LLC acquired a new position in monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC grew its stake in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its stake in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

MNDY has been the topic of a number of research reports. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. William Blair reiterated an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Canaccord Genuity Group increased their price target on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group dropped their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $352.64.

monday.com Company Profile

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.