1,346 Shares in monday.com Ltd. (NASDAQ:MNDY) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new position in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,346 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James & Associates increased its stake in monday.com by 55.2% in the 4th quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock worth $2,352,000 after purchasing an additional 4,457 shares during the period. International Assets Investment Management LLC purchased a new position in monday.com in the 4th quarter worth approximately $25,925,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in monday.com by 19.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,864 shares of the company’s stock worth $8,989,000 after purchasing an additional 7,955 shares during the period. Jackson Square Capital LLC purchased a new position in monday.com in the 4th quarter worth approximately $1,647,000. Finally, Eventide Asset Management LLC purchased a new position in monday.com in the 3rd quarter worth approximately $32,420,000. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 2.8 %

NASDAQ MNDY opened at $190.40 on Monday. The stock’s 50 day moving average is $212.20 and its 200 day moving average is $190.23. monday.com Ltd. has a twelve month low of $108.35 and a twelve month high of $239.22. The firm has a market capitalization of $9.19 billion, a PE ratio of -2,719.61 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping 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 period in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, research analysts anticipate that monday.com Ltd. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MNDY shares. Bank of America started coverage on monday.com in a research note on Monday, February 26th. They issued a “buy” rating and a $280.00 price target on the stock. KeyCorp began coverage on monday.com in a research note on Thursday, March 21st. They set an “overweight” rating and a $275.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $250.00 target price on shares of monday.com in a research note on Tuesday, February 13th. Wells Fargo & Company began coverage on monday.com in a research note on Tuesday, April 9th. They set an “overweight” rating and a $260.00 target price on the stock. Finally, Citigroup cut monday.com from a “buy” rating to a “neutral” rating and reduced their target price for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.00.

About monday.com

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.