Wasatch Advisors LP decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,480 shares of the company's stock after selling 22,332 shares during the quarter. Wasatch Advisors LP owned 0.20% of monday.com worth $27,077,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in monday.com in the 3rd quarter valued at about $43,000. Ridgewood Investments LLC acquired a new stake in shares of monday.com in the second quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC increased its stake in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of monday.com during the 2nd quarter worth approximately $69,000. Finally, Toronto Dominion Bank purchased a new stake in monday.com in the 2nd quarter valued at approximately $120,000. Institutional investors and hedge funds own 73.70% of the company's stock.
Analysts Set New Price Targets
MNDY has been the subject of several recent research reports. Scotiabank assumed coverage on monday.com in a research report on Tuesday, November 19th. They set a "sector outperform" rating and a $325.00 price target for the company. The Goldman Sachs Group lifted their price objective on monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Needham & Company LLC upped their target price on shares of monday.com from $300.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. DA Davidson reiterated a "neutral" rating and set a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on shares of monday.com from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $310.81.
Get Our Latest Research Report on monday.com
monday.com Price Performance
MNDY stock traded down $1.59 during midday trading on Friday, reaching $285.36. 250,222 shares of the company's stock traded hands, compared to its average volume of 1,043,954. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The business has a 50-day moving average price of $284.35 and a two-hundred day moving average price of $255.00. The company has a market capitalization of $13.78 billion, a P/E ratio of 696.00, a PEG ratio of 7.95 and a beta of 1.31.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business's quarterly revenue was up 49.5% on a year-over-year basis. As a group, research analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.
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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