Bailard Inc. Has $728,000 Stake in monday.com Ltd. (NASDAQ:MNDY)

Bailard Inc. lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 41.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,875 shares of the company’s stock after purchasing an additional 1,140 shares during the quarter. Bailard Inc.’s holdings in monday.com were worth $728,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MNDY. Desjardins Global Asset Management Inc. raised its stake in shares of monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Arlington Partners LLC raised its stake in shares of monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after purchasing an additional 126 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of monday.com in the third quarter valued at $48,000. Finally, Sandy Spring Bank acquired a new position in shares of monday.com in the third quarter valued at $72,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MNDY. DA Davidson reiterated a “neutral” rating and set a $190.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Bank of America began coverage on monday.com in a research note on Monday, February 26th. They set a “buy” rating and a $280.00 price objective for the company. Wells Fargo & Company began coverage on monday.com in a research note on Tuesday, April 9th. They set an “overweight” rating and a $260.00 price objective for the company. Oppenheimer increased their price objective on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, Canaccord Genuity Group dropped their price objective on monday.com from $250.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

monday.com Trading Up 2.8 %

Shares of NASDAQ MNDY opened at $190.40 on Friday. monday.com Ltd. has a 12 month low of $108.35 and a 12 month high of $239.22. The stock has a 50 day moving average of $212.20 and a 200-day moving average of $189.66.

monday.com (NASDAQ:MNDY) last released its quarterly 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. The business had revenue of $202.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS. On average, equities analysts anticipate that monday.com Ltd. will post -0.16 earnings per share for the current year.

monday.com Company Profile

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.