Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,061 shares of the company’s stock after acquiring an additional 1,460 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in monday.com were worth $2,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of monday.com by 44.9% during 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% during 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. Compagnie Lombard Odier SCmA bought a new stake in shares of monday.com in the third quarter valued at about $48,000. Finally, Sandy Spring Bank purchased a new stake in monday.com in the third quarter worth about $72,000. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 1.6 %

NASDAQ MNDY opened at $184.79 on Wednesday. monday.com Ltd. has a 12-month low of $108.35 and a 12-month high of $239.22. The company has a fifty day simple moving average of $214.29 and a two-hundred day simple moving average of $189.44. The stock has a market cap of $8.92 billion, a P/E ratio of -2,639.48 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. As a group, sell-side analysts forecast that monday.com Ltd. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. KeyCorp started coverage on shares of monday.com in a research report on Thursday, March 21st. They set an “overweight” rating and a $275.00 target price on the stock. Bank of America began coverage on shares of monday.com in a report on Monday, February 26th. They set a “buy” rating and a $280.00 price objective on the stock. Canaccord Genuity Group lowered their target price on monday.com from $250.00 to $220.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. lifted their price target on monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Finally, Oppenheimer boosted their price target on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research 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 stock. According to MarketBeat, monday.com has an average rating of “Moderate Buy” and an average price target of $240.00.

monday.com Company 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.