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

International Assets Investment Management LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 79,164 shares of the company’s stock, valued at approximately $21,989,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares during the period. Crossmark Global Holdings Inc. grew its position in monday.com by 4.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares during the period. FDx Advisors Inc. grew its position in monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the period. Oppenheimer Asset Management Inc. grew its position in monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares during the period. Finally, American International Group Inc. grew its position in shares of monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after acquiring an additional 102 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on MNDY. KeyCorp cut their price target on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Loop Capital lifted their price target on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. DA Davidson lifted their price target on monday.com from $250.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group lifted their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Wolfe Research began coverage on monday.com in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $303.35.

monday.com Price Performance

Shares of monday.com stock opened at $302.50 on Wednesday. The stock has a market cap of $14.60 billion, a P/E ratio of 796.05, a P/E/G ratio of 13.58 and a beta of 1.32. The stock’s 50 day simple moving average is $272.00 and its 200-day simple moving average is $239.39. monday.com Ltd. has a 1-year low of $125.00 and a 1-year high of $306.80.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. As a group, research analysts expect that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

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.