Adage Capital Partners GP L.L.C. Makes New Investment in monday.com Ltd. $MNDY

Adage Capital Partners GP L.L.C. acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,500 shares of the company's stock, valued at approximately $4,255,000.

Several other institutional investors have also recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the first quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of monday.com during the first quarter valued at about $25,000. Grove Bank & Trust bought a new position in shares of monday.com during the first quarter valued at about $30,000. First Horizon Advisors Inc. lifted its position in shares of monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of monday.com by 50.7% during the first quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MNDY shares. Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of monday.com in a research report on Monday, August 18th. Jefferies Financial Group dropped their price target on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Piper Sandler dropped their price target on shares of monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the company an "overweight" rating in a research report on Friday, June 13th. Finally, Citigroup decreased their price objective on shares of monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Price Performance

Shares of MNDY traded down $2.19 during trading hours on Friday, hitting $189.62. The company's stock had a trading volume of 226,438 shares, compared to its average volume of 930,752. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 256.43, a PEG ratio of 11.26 and a beta of 1.25. The business has a 50 day simple moving average of $233.50 and a two-hundred day simple moving average of $260.51. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that monday.com Ltd. will post 0.46 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.