2,242 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Avior Wealth Management LLC

Avior Wealth Management LLC purchased a new position in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,242 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors also recently bought and sold shares of MNDY. Bank of New York Mellon Corp bought a new stake in monday.com in the first quarter worth $8,834,000. BlackRock Inc. lifted its position in monday.com by 151.9% in the first quarter. BlackRock Inc. now owns 33,300 shares of the company’s stock worth $5,264,000 after buying an additional 20,079 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in monday.com in the first quarter worth $590,000. Vanguard Group Inc. lifted its position in monday.com by 240.1% in the first quarter. Vanguard Group Inc. now owns 8,922 shares of the company’s stock worth $1,410,000 after buying an additional 6,299 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in monday.com by 6,322.6% in the first quarter. Renaissance Technologies LLC now owns 199,100 shares of the company’s stock worth $31,472,000 after buying an additional 196,000 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Up 0.2 %

MNDY opened at $185.10 on Friday. The business’s 50-day moving average is $216.66 and its two-hundred day moving average is $188.43. monday.com Ltd. has a 1 year low of $108.35 and a 1 year high of $239.22.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The company had revenue of $202.60 million for the quarter, compared to analyst estimates of $197.97 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. As a group, research analysts anticipate that monday.com Ltd. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Tigress Financial lifted their target price on monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. KeyCorp assumed coverage on monday.com in a research report on Thursday, March 21st. They set an “overweight” rating and a $275.00 target price for the company. JPMorgan Chase & Co. lifted their target price on monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Bank of America assumed coverage on monday.com in a research report on Monday, February 26th. They set a “buy” rating and a $280.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of monday.com in a research report 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.33.

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.