Mirae Asset Global Investments Co. Ltd. Acquires 117 Shares of monday.com Ltd. (NASDAQ:MNDY)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 74.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 274 shares of the company’s stock after acquiring an additional 117 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in monday.com were worth $64,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MNDY. Jennison Associates LLC grew its stake in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after purchasing an additional 100,333 shares in the last quarter. Spire Wealth Management purchased a new position in shares of monday.com during the fourth quarter valued at $125,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of monday.com by 180.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 16,800 shares of the company’s stock valued at $3,955,000 after acquiring an additional 10,800 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in monday.com in the fourth quarter worth about $905,000. Finally, Hantz Financial Services Inc. bought a new position in monday.com during the 4th quarter worth about $713,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MNDY. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. DA Davidson upped their price objective on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC increased their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and twenty have assigned 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 $353.32.

monday.com Price Performance

MNDY stock opened at $318.50 on Friday. The company has a market capitalization of $15.38 billion, a P/E ratio of 776.83, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The firm’s fifty day simple moving average is $252.94 and its 200-day simple moving average is $264.05.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.