International Assets Investment Management LLC Acquires New Holdings in monday.com Ltd. (NASDAQ:MNDY)

International Assets Investment Management LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 138,040 shares of the company’s stock, valued at approximately $25,925,000.

Other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC boosted its stake in 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. Sandy Spring Bank purchased a new position in shares of monday.com during the third quarter worth about $72,000. BluePath Capital Management LLC bought a new position in shares of monday.com in the third quarter worth approximately $116,000. Allspring Global Investments Holdings LLC purchased a new stake in monday.com in the third quarter valued at approximately $118,000. Finally, DekaBank Deutsche Girozentrale lifted its position in monday.com by 21.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock valued at $131,000 after purchasing an additional 145 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Trading Down 0.8 %

MNDY stock opened at $185.48 on Friday. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -2,649.34 and a beta of 1.24. The firm’s 50-day moving average price is $210.21 and its two-hundred day moving average price is $190.89. monday.com Ltd. has a 12-month low of $109.58 and a 12-month high of $239.22.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MNDY. JPMorgan Chase & Co. increased their price target on shares of monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Piper Sandler reiterated an “overweight” rating and issued a $250.00 price objective on shares of monday.com in a report on Tuesday, February 13th. DA Davidson reissued a “neutral” rating and set a $190.00 price objective on shares of monday.com in a report on Tuesday, February 13th. Bank of America began coverage on monday.com in a research note on Monday, February 26th. They issued a “buy” rating and a $280.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of monday.com in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, monday.com has an average rating of “Moderate Buy” and an average target price 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.