Level Four Advisory Services LLC Acquires Shares of 2,594 monday.com Ltd. (NASDAQ:MNDY)

Posted by Defense World Staff on Sep 19th, 2023

Level Four Advisory Services LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,594 shares of the company’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. Bank of New York Mellon Corp purchased a new stake in shares of monday.com during the 1st quarter worth approximately $8,834,000. BlackRock Inc. increased 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 purchased a new stake in monday.com in the first quarter worth $590,000. Vanguard Group Inc. increased 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 increased 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. Hedge funds and other institutional investors own 81.30% of the company’s stock.

monday.com Trading Down 0.9 %

Shares of monday.com stock opened at $161.99 on Tuesday. The business has a fifty day simple moving average of $170.35 and a two-hundred day simple moving average of $156.15. monday.com Ltd. has a 12 month low of $73.58 and a 12 month high of $189.15. The firm has a market capitalization of $7.15 billion, a P/E ratio of -161.99 and a beta of 0.77.

monday.com (NASDAQ:MNDY – Get Free Report) last released its earnings results on Monday, August 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.24. monday.com had a negative net margin of 7.40% and a negative return on equity of 6.92%. The firm had revenue of $175.70 million during the quarter, compared to analyst estimates of $169.25 million. During the same period last year, the business earned ($1.01) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. Analysts predict that monday.com Ltd. will post -1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of monday.com from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $215.00 price objective (up previously from $200.00) on shares of monday.com in a research note on Monday, August 14th. KeyCorp boosted their price objective on shares of monday.com from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. DA Davidson boosted their price objective on shares of monday.com from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity Group boosted their target price on monday.com from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.56.

Check Out Our Latest Report on monday.com

About monday.com

(Free Report)

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.