Legal Advantage Investments Inc. Purchases Shares of 1,000 monday.com Ltd. (NASDAQ:MNDY)

Legal Advantage Investments Inc. purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds have also bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the 3rd quarter valued at approximately $43,000. Toronto Dominion Bank acquired a new position in monday.com during the 2nd quarter valued at approximately $120,000. Vestcor Inc increased its stake in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares in the last quarter. Larson Financial Group LLC increased its stake in monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after purchasing an additional 523 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 0.6 %

monday.com stock opened at $242.05 on Tuesday. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $324.99. The stock has a market cap of $11.69 billion, a P/E ratio of 590.37, a PEG ratio of 6.00 and a beta of 1.30. The company has a 50-day moving average price of $255.36 and a 200 day moving average price of $259.63.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 49.5% on a year-over-year basis. As a group, analysts forecast that monday.com Ltd. will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Canaccord Genuity Group increased their price target on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC increased their price target on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald began coverage on shares of monday.com in a report on Friday. They set an “overweight” rating and a $292.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.48.

monday.com 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.