Avior Wealth Management LLC Buys New Position in monday.com Ltd. (NASDAQ:MNDY)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. boosted its holdings in monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Crewe Advisors LLC boosted its holdings in monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the period. Arlington Partners LLC boosted its stake in shares of monday.com by 104.1% in the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after buying an additional 126 shares during the period. Quarry LP boosted its stake in shares of monday.com by 192.0% in the 1st quarter. Quarry LP now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of monday.com in the 3rd quarter valued at about $48,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MNDY. Oppenheimer lifted their price objective on monday.com from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. DA Davidson reiterated a “neutral” rating and issued a $190.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $250.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Finally, Citigroup cut monday.com from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $185.10 on Friday. monday.com Ltd. has a fifty-two week low of $108.35 and a fifty-two week high of $239.22. The stock’s 50-day simple moving average is $216.66 and its 200-day simple moving average is $188.43.

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