Coronation Fund Managers Ltd. Boosts Stock Position in monday.com Ltd. $MNDY

Key Points

• Coronation Fund Managers Ltd. increased its stake in monday.com Ltd. by 15.8%, owning 78,577 shares valued at approximately $24.7 million, making it the firm's 24th largest holding.
• Wall Street analysts have varied outlooks on monday.com, with target price reductions from firms like Cantor Fitzgerald and Piper Sandler, while the consensus remains a "Moderate Buy" with an average target of $290.81.
• monday.com reported better-than-expected quarterly earnings with an EPS of $1.09, exceeding forecasts by $0.25, alongside a year-over-year revenue increase of 26.6%.

Coronation Fund Managers Ltd. increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,577 shares of the company's stock after purchasing an additional 10,693 shares during the quarter. monday.com makes up approximately 1.3% of Coronation Fund Managers Ltd.'s holdings, making the stock its 24th largest holding. Coronation Fund Managers Ltd. owned 0.15% of monday.com worth $24,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new stake in monday.com in the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in monday.com in the 1st quarter valued at about $25,000. NewEdge Advisors LLC grew its holdings in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after buying an additional 106 shares during the period. First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock valued at $50,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNDY. Cantor Fitzgerald decreased their target price on monday.com from $286.00 to $257.00 and set an "overweight" rating for the company in a report on Thursday, September 18th. Piper Sandler decreased their target price on monday.com from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, September 18th. Morgan Stanley upgraded monday.com from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. Robert W. Baird decreased their target price on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, UBS Group decreased their target price on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $290.81.

monday.com Price Performance

Shares of MNDY opened at $186.02 on Tuesday. The company has a market cap of $9.44 billion, a P/E ratio of 251.38, a PEG ratio of 8.58 and a beta of 1.24. The stock has a fifty day moving average price of $188.28 and a 200 day moving average price of $247.36. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 6.32% and a net margin of 3.63%.The firm's revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate 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.

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