China Universal Asset Management Co. Ltd. Has $3.96 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

China Universal Asset Management Co. Ltd. grew its position in monday.com Ltd. (NASDAQ:MNDY) by 180.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the company’s stock after buying an additional 10,800 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in monday.com were worth $3,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of monday.com during the fourth quarter worth $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the third quarter worth $43,000. Vestcor Inc grew its position in monday.com by 31.4% in the third 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% in the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after buying an additional 100 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group raised their price objective on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird raised their price target on monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Oppenheimer upped their target price on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald assumed coverage on monday.com in a report on Friday, January 17th. They set an “overweight” rating and a $292.00 price target for the company. Finally, Needham & Company LLC upped their price objective on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $310.68.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $255.46 on Friday. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $324.99. The stock’s fifty day moving average is $252.58 and its 200 day moving average is $260.14. The stock has a market capitalization of $12.33 billion, a P/E ratio of 623.07, a PEG ratio of 6.20 and a beta of 1.30.

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

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.