Oak Ridge Investments LLC purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,687 shares of the company's stock, valued at approximately $633,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the third quarter valued at approximately $43,000. Toronto Dominion Bank bought a new position in shares of monday.com in the 2nd quarter valued at $120,000. Vestcor Inc raised its holdings in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company's stock worth $144,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company's stock worth $168,000 after buying an additional 523 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock worth $181,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Loop Capital lowered their target price 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. Cantor Fitzgerald assumed coverage on shares of monday.com in a research report on Friday. They set an "overweight" rating and a $292.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Piper Sandler decreased their target price on shares of monday.com from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, Barclays increased their price target on monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $310.48.
Check Out Our Latest Stock Analysis on monday.com
monday.com Price Performance
NASDAQ MNDY traded up $1.44 during mid-day trading on Monday, reaching $242.05. 752,300 shares of the stock were exchanged, compared to its average volume of 903,103. The stock has a market cap of $11.69 billion, a P/E ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30. monday.com Ltd. has a one year low of $174.75 and a one year high of $324.99. The stock has a 50 day simple moving average of $256.02 and a 200-day simple moving average of $259.64.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the company posted $0.15 EPS. The business's quarterly revenue was up 49.5% on a year-over-year basis. Sell-side analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
monday.com Profile
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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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