American International Group Inc. acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,305 shares of the company’s stock, valued at approximately $566,000.
Several other large investors also recently made changes to their positions in MNDY. Crewe Advisors LLC grew its position in monday.com by 90.4% in the second quarter. Crewe Advisors LLC now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Quarry LP grew its position in monday.com by 192.0% in the first quarter. Quarry LP now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Advisors Asset Management Inc. bought a new position in monday.com in the first quarter valued at $52,000. Royal Bank of Canada grew its position in monday.com by 49.6% in the first quarter. Royal Bank of Canada now owns 347 shares of the company’s stock valued at $55,000 after purchasing an additional 115 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in monday.com by 141.9% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 404 shares of the company’s stock valued at $58,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.
Analyst Upgrades and Downgrades
MNDY has been the subject of a number of analyst reports. TD Cowen raised their target price on shares of monday.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Citigroup cut their price target on shares of monday.com from $234.00 to $189.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. DA Davidson upgraded shares of monday.com from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, November 7th. JPMorgan Chase & Co. increased their price target on shares of monday.com from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. Finally, Tigress Financial increased their price target on shares of monday.com from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.69.
monday.com Stock Performance
NASDAQ MNDY opened at $169.70 on Friday. The firm has a 50-day moving average of $148.95 and a 200-day moving average of $159.56. The stock has a market cap of $7.49 billion, a PE ratio of -499.10 and a beta of 0.87. monday.com Ltd. has a 52-week low of $90.01 and a 52-week high of $189.15.
monday.com (NASDAQ:MNDY – Get Free Report) last released its quarterly earnings results on Monday, November 13th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.43. monday.com had a negative net margin of 2.32% and a negative return on equity of 2.39%. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $182.50 million. During the same period last year, the firm earned ($0.51) earnings per share. monday.com’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, analysts predict that monday.com Ltd. will post -1.23 EPS for the current fiscal year.
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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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