Cetera Investment Advisers Increases Stock Position in monday.com Ltd. (NASDAQ:MNDY)

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

Several other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in monday.com during the fourth quarter worth about $33,000. Signaturefd LLC raised its stake in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MNDY shares. Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Canaccord Genuity Group decreased their price target on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. DA Davidson decreased their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Trading Up 0.0%

MNDY traded up $0.03 during trading on Wednesday, reaching $299.14. 214,333 shares of the company's stock were exchanged, compared to its average volume of 758,134. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64. The stock has a market capitalization of $15.19 billion, a PE ratio of 500.99, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The firm has a fifty day moving average price of $264.45 and a two-hundred day moving average price of $264.49.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its 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. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. During the same period in the previous year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. Sell-side analysts expect that monday.com Ltd. will post 0.46 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.