Neuberger Berman Group LLC boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 7,282.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,992 shares of the company's stock after purchasing an additional 299,874 shares during the period. Neuberger Berman Group LLC owned about 0.63% of monday.com worth $71,572,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the 4th quarter worth about $28,000. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter valued at about $33,000. Signaturefd LLC raised its holdings in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Up 2.6 %
Shares of MNDY traded up $6.34 during midday trading on Tuesday, hitting $252.14. The company's stock had a trading volume of 295,634 shares, compared to its average volume of 805,354. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 420.23, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The company's fifty day simple moving average is $270.09 and its two-hundred day simple moving average is $267.69.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on MNDY shares. JPMorgan Chase & Co. raised their target price on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Scotiabank decreased their price objective on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Tigress Financial upped their target price on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Jefferies Financial Group reduced their price target on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.91.
Check Out Our Latest Research Report on MNDY
monday.com Company 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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