Eagle Global Advisors LLC Acquires 1,500 Shares of monday.com Ltd. $MNDY

Key Points

• Eagle Global Advisors LLC increased its holdings in monday.com Ltd. by 18.8%, acquiring an additional 1,500 shares during the second quarter, bringing their total to 9,500 shares worth approximately $2.99 million as of the latest SEC filing.
• monday.com reported a 26.6% year-over-year revenue increase of $299.01 million for the quarter ending August 11, surpassing analyst expectations, and also announced **EPS guidance for FY 2025**.
• Analysts maintain a consensus of "Moderate Buy" for monday.com, with a price target of approximately $296.86, reflecting positive sentiment despite some recent adjustments in target prices from various research firms.

Eagle Global Advisors LLC lifted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,500 shares of the company's stock after purchasing an additional 1,500 shares during the quarter. Eagle Global Advisors LLC's holdings in monday.com were worth $2,988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new position in monday.com in the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in monday.com in the first quarter valued at approximately $25,000. NewEdge Advisors LLC increased its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Grove Bank & Trust bought a new position in monday.com in the first quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. increased its stake in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

NASDAQ MNDY opened at $206.59 on Friday. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The stock has a market cap of $10.49 billion, a PE ratio of 279.18, a PEG ratio of 9.80 and a beta of 1.25. The firm's fifty day moving average price is $213.40 and its two-hundred day moving average price is $255.23.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data 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. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. monday.com's revenue for the quarter was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MNDY shares. Oppenheimer started coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $300.00 price objective on the stock. TD Cowen decreased their price objective on shares of monday.com from $360.00 to $290.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Barclays decreased their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Piper Sandler decreased their target price on shares of monday.com from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald decreased their target price on shares of monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $296.86.

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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