Van ECK Associates Corp Increases Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Van ECK Associates Corp grew its position in monday.com Ltd. (NASDAQ:MNDY) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,764 shares of the company’s stock after acquiring an additional 391 shares during the quarter. Van ECK Associates Corp’s holdings in monday.com were worth $1,980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of monday.com by 55.2% in the fourth quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after acquiring an additional 4,457 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of monday.com during the fourth quarter worth $25,925,000. M&G Investment Management Ltd. lifted its holdings in shares of monday.com by 8.5% during the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock worth $9,089,000 after purchasing an additional 3,796 shares during the period. Boulder Hill Capital Management LP acquired a new stake in shares of monday.com during the fourth quarter worth $2,197,000. Finally, Trexquant Investment LP lifted its holdings in shares of monday.com by 107.5% during the fourth quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock worth $11,474,000 after purchasing an additional 31,656 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Trading Up 2.3 %

monday.com stock opened at $248.98 on Monday. The stock has a market cap of $12.02 billion, a PE ratio of 655.23, a P/E/G ratio of 49.79 and a beta of 1.30. The stock has a 50-day moving average price of $220.25 and a 200 day moving average price of $211.78. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $249.10.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.25. The firm had revenue of $216.91 million during the quarter, compared to analysts’ expectations of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. On average, equities analysts predict that monday.com Ltd. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the subject of several recent research reports. KeyCorp decreased their price target on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. DA Davidson increased their price target on monday.com from $190.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Wells Fargo & Company increased their price objective on monday.com from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group increased their price objective on monday.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average price target of $253.24.

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.