monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by LMR Partners LLP

LMR Partners LLP lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,912 shares of the company’s stock after acquiring an additional 5,912 shares during the quarter. LMR Partners LLP’s holdings in monday.com were worth $15,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter worth about $43,000. Ridgewood Investments LLC acquired a new position in shares of monday.com in the second quarter worth $45,000. Gilliland Jeter Wealth Management LLC increased its position in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com in the second quarter valued at $69,000. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MNDY shares. Loop Capital upped their price target on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. The Goldman Sachs Group upped their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. UBS Group lifted their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Barclays boosted their price target on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Robert W. Baird raised their price objective on shares of monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.10.

monday.com Trading Down 2.2 %

monday.com stock opened at $262.89 on Monday. The stock has a 50 day moving average of $280.53 and a two-hundred day moving average of $248.96. monday.com Ltd. has a twelve month low of $166.86 and a twelve month high of $324.99. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 641.20, a PEG ratio of 12.26 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. monday.com’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Equities analysts predict that monday.com Ltd. will post 0.5 earnings per share for the current year.

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.