Cetera Investment Advisers Purchases 1,177 Shares of monday.com Ltd. (NASDAQ:MNDY)

Cetera Investment Advisers boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 39.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,148 shares of the company's stock after acquiring an additional 1,177 shares during the quarter. Cetera Investment Advisers' holdings in monday.com were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MNDY. FMR LLC grew its position in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Norges Bank purchased a new stake in monday.com during the 4th quarter valued at approximately $116,686,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of monday.com during the fourth quarter valued at approximately $109,605,000. CIBC Private Wealth Group LLC lifted its holdings in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after buying an additional 403,255 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of monday.com by 7,282.0% in the fourth quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock worth $71,572,000 after buying an additional 299,874 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Trading Down 1.3%

NASDAQ MNDY traded down $4.01 on Thursday, hitting $293.19. 461,321 shares of the stock traded hands, compared to its average volume of 757,233. The stock has a 50-day moving average of $265.42 and a 200 day moving average of $264.84. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The company has a market capitalization of $14.89 billion, a P/E ratio of 488.65, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on MNDY. Piper Sandler boosted their price target on shares of monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Cantor Fitzgerald upped their target price on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Tigress Financial lifted their price target on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Jefferies Financial Group reduced their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Barclays lowered their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $346.50.

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.