712 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 712 shares of the company’s stock, valued at approximately $80,000.

Other hedge funds have also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in monday.com during the second quarter worth about $373,000. HPC Germany GmbH & Co. KG acquired a new position in shares of monday.com in the 3rd quarter valued at $3,363,000. SRS Capital Advisors Inc. acquired a new position in shares of monday.com in the 2nd quarter valued at $77,000. Quantbot Technologies LP boosted its position in shares of monday.com by 43.1% in the 3rd quarter. Quantbot Technologies LP now owns 8,699 shares of the company’s stock valued at $985,000 after purchasing an additional 2,621 shares during the period. Finally, ARK Investment Management LLC boosted its position in shares of monday.com by 10.6% in the 3rd quarter. ARK Investment Management LLC now owns 261,749 shares of the company’s stock valued at $29,667,000 after purchasing an additional 25,125 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of monday.com stock opened at $147.39 on Tuesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of -48.64 and a beta of 0.93. monday.com Ltd. has a 52-week low of $73.58 and a 52-week high of $192.22. The stock has a 50-day simple moving average of $132.53 and a 200-day simple moving average of $117.86.

monday.com (NASDAQ:MNDY – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.80. monday.com had a negative return on equity of 20.77% and a negative net margin of 26.37%. The business had revenue of $149.90 million during the quarter, compared to analyst estimates of $141.63 million. During the same period in the previous year, the company earned ($0.73) EPS. The firm’s revenue was up 57.0% on a year-over-year basis. As a group, equities research analysts predict that monday.com Ltd. will post -3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNDY. Citigroup increased their price target on monday.com from $132.00 to $169.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Tigress Financial decreased their price target on monday.com from $240.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 23rd. The Goldman Sachs Group increased their price target on monday.com from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Piper Sandler raised their price objective on monday.com from $130.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Finally, KeyCorp raised their price objective on monday.com from $156.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 14th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.31.

monday.com 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.