monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.9% during the third quarter, Holdings Channel reports. The institutional investor owned 540,300 shares of the company’s stock after buying an additional 15,300 shares during the quarter. Two Sigma Advisers LP’s holdings in monday.com were worth $150,079,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com during the 3rd quarter worth $43,000. Ridgewood Investments LLC acquired a new position in shares of monday.com during the 2nd quarter worth about $45,000. Gilliland Jeter Wealth Management LLC raised its position in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in monday.com in the second quarter valued at approximately $69,000. Finally, Toronto Dominion Bank purchased a new position in monday.com in the second quarter valued at approximately $120,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 2.7 %

NASDAQ MNDY opened at $285.02 on Friday. The business has a 50 day moving average price of $284.51 and a two-hundred day moving average price of $256.19. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The stock has a market cap of $13.76 billion, a PE ratio of 695.17, a P/E/G ratio of 7.82 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the business earned $0.15 EPS. monday.com’s revenue for the quarter was up 49.5% compared to the same quarter last year. Sell-side analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MNDY shares. Citigroup upped their target price on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Capital One Financial began coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. UBS Group lifted their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Finally, Tigress Financial increased their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $310.81.

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.