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

Cetera Investment Advisers raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 39.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,148 shares of the company's stock after purchasing an additional 1,177 shares during the quarter. Cetera Investment Advisers' holdings in monday.com were worth $977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of monday.com during the fourth quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the 4th quarter worth about $28,000. R Squared Ltd bought a new position in monday.com in the 4th quarter valued at about $33,000. Signaturefd LLC lifted its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Price Performance

NASDAQ:MNDY traded up $10.51 on Tuesday, reaching $299.11. 408,911 shares of the company's stock were exchanged, compared to its average volume of 760,263. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 498.52, a P/E/G ratio of 16.53 and a beta of 1.32. The stock has a fifty day simple moving average of $263.76 and a 200-day simple moving average of $264.25. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. monday.com's revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MNDY shares. Jefferies Financial Group lowered their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Loop Capital lowered their price target on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 target price on shares of monday.com in a research note on Tuesday, May 13th. Finally, Tigress Financial increased their target price on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $346.50.

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.