Raymond James & Associates Has $2.35 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Raymond James & Associates increased its position in monday.com Ltd. (NASDAQ:MNDY) by 55.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,525 shares of the company’s stock after acquiring an additional 4,457 shares during the quarter. Raymond James & Associates’ holdings in monday.com were worth $2,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC increased its stake in shares of monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after buying an additional 71 shares during the period. Arlington Partners LLC increased its stake in shares of monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after buying an additional 126 shares during the period. Quarry LP increased its stake in shares of 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 buying an additional 167 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of monday.com in the third quarter valued at approximately $48,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in monday.com during the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 4.6 %

Shares of MNDY opened at $184.25 on Tuesday. monday.com Ltd. has a 12-month low of $108.35 and a 12-month high of $239.22. The business’s fifty day moving average is $218.71 and its 200 day moving average is $188.28. The stock has a market cap of $8.90 billion, a P/E ratio of -2,631.77 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The company had revenue of $202.60 million for the quarter, compared to analysts’ expectations of $197.97 million. During the same period last year, the business earned ($0.03) EPS. monday.com’s quarterly revenue was up 35.5% compared to the same quarter last year. On average, analysts expect that monday.com Ltd. will post -0.16 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of monday.com in a research report on Tuesday, February 13th. Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and decreased their target price for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. Bank of America initiated coverage on monday.com in a report on Monday, February 26th. They set a “buy” rating and a $280.00 price target on the stock. Oppenheimer increased their price target on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, Piper Sandler restated an “overweight” rating and set a $250.00 price target on shares of monday.com in a report on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.33.

monday.com 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.