Victory Capital Management Inc. lowered its position in shares of monday.com Ltd. (NASDAQ:MNDY – Get Rating) by 3.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,390 shares of the company's stock after selling 580 shares during the quarter. Victory Capital Management Inc.'s holdings in monday.com were worth $1,744,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of MNDY. Royal Bank of Canada lifted its position in monday.com by 49.6% during the 1st quarter. Royal Bank of Canada now owns 347 shares of the company's stock worth $55,000 after acquiring an additional 115 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in monday.com during the 3rd quarter worth approximately $26,000. Advisors Asset Management Inc. acquired a new position in monday.com during the 1st quarter worth approximately $52,000. UMB Bank n.a. acquired a new position in monday.com during the 2nd quarter worth approximately $38,000. Finally, Occudo Quantitative Strategies LP lifted its position in monday.com by 17.2% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,335 shares of the company's stock worth $344,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company's stock.
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Analysts Set New Price Targets
Several research firms recently commented on MNDY. Canaccord Genuity Group reduced their price target on monday.com from $165.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, November 15th. The Goldman Sachs Group cut their target price on monday.com from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Tuesday, November 15th. Piper Sandler cut their target price on monday.com from $138.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, January 9th. Tigress Financial cut their target price on monday.com from $240.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. raised monday.com from a "neutral" rating to an "overweight" rating and upped their target price for the company from $130.00 to $140.00 in a research report on Monday, December 12th. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $167.13.
monday.com Price Performance
Shares of MNDY opened at $147.61 on Friday. The company has a market cap of $6.52 billion, a P/E ratio of -39.57 and a beta of 1.01. The stock has a fifty day moving average price of $115.09 and a 200 day moving average price of $112.88. monday.com Ltd. has a 12 month low of $73.58 and a 12 month high of $238.43.
monday.com (NASDAQ:MNDY – Get Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported ($0.51) EPS for the quarter, topping analysts' consensus estimates of ($1.20) by $0.69. The firm had revenue of $136.89 million during the quarter, compared to the consensus estimate of $130.63 million. monday.com had a negative return on equity of 25.26% and a negative net margin of 36.15%. As a group, research analysts anticipate that monday.com Ltd. will post -3.88 earnings per share for the current year.
monday.com Company Profile
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monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.
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