monday.com Ltd. (NASDAQ:MNDY) Stock Holdings Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,948 shares of the company’s stock after acquiring an additional 85 shares during the period. Yousif Capital Management LLC’s holdings in monday.com were worth $474,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MNDY. Van ECK Associates Corp increased its position in shares of monday.com by 1.5% in the fourth quarter. Van ECK Associates Corp now owns 13,443 shares of the company’s stock worth $3,165,000 after acquiring an additional 199 shares in the last quarter. Rhumbline Advisers increased its position in shares of monday.com by 4.6% in the fourth quarter. Rhumbline Advisers now owns 10,561 shares of the company’s stock worth $2,486,000 after acquiring an additional 465 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of monday.com in the fourth quarter worth approximately $290,000. CIBC Asset Management Inc increased its position in shares of monday.com by 13.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,980 shares of the company’s stock worth $937,000 after acquiring an additional 468 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of monday.com by 8.6% in the fourth quarter. Truist Financial Corp now owns 4,048 shares of the company’s stock worth $953,000 after acquiring an additional 322 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. DA Davidson lowered their price objective on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lowered their price objective on shares of monday.com from $375.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of monday.com in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $347.09.

monday.com Trading Down 2.4%

monday.com stock opened at $280.46 on Friday. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 286.18, a price-to-earnings-growth ratio of 104.01 and a beta of 1.30. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The business’s fifty day simple moving average is $282.22 and its two-hundred day simple moving average is $267.29.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. monday.com’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

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.