Y.D. More Investments Ltd Raises Holdings in monday.com Ltd. (NASDAQ:MNDY)

Y.D. More Investments Ltd boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 27.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,208 shares of the company’s stock after acquiring an additional 902 shares during the quarter. Y.D. More Investments Ltd’s holdings in monday.com were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC increased its position in monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after buying an additional 71 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of monday.com by 13.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock worth $151,000 after purchasing an additional 93 shares during the last quarter. Arlington Partners LLC increased its holdings in shares of monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock worth $39,000 after purchasing an additional 126 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in monday.com by 21.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock worth $131,000 after acquiring an additional 145 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Performance

NASDAQ:MNDY traded up $0.62 during mid-day trading on Wednesday, hitting $189.95. 980,842 shares of the company’s stock traded hands, compared to its average volume of 801,536. The firm’s 50 day simple moving average is $210.99 and its 200 day simple moving average is $190.92. monday.com Ltd. has a 1 year low of $108.35 and a 1 year high of $239.22. The company has a market cap of $9.17 billion, a PE ratio of -2,713.18 and a beta of 1.18.

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

Analysts Set New Price Targets

Several brokerages have issued reports on MNDY. Citigroup lowered monday.com from a “buy” rating to a “neutral” rating and dropped their target price for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. Jefferies Financial Group raised shares of monday.com from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $230.00 in a report on Friday, January 5th. KeyCorp started coverage on shares of monday.com in a research note on Thursday, March 21st. They set an “overweight” rating and a $275.00 target price on the stock. Wells Fargo & Company started coverage on shares of monday.com in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $260.00 price target on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price target on shares of monday.com in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $240.00.

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.