Prescott Group Capital Management L.L.C. Has $1.70 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

Key Points

• Prescott Group Capital Management increased its stake in monday.com Ltd. by 40%, resulting in ownership of 7,000 shares valued at approximately $1.70 million.
• Analysts have set new price targets for monday.com, with UBS Group reducing their target from $350 to $310 while maintaining a "neutral" rating.
• monday.com recently reported earnings per share (EPS) of $1.10, exceeding expectations, with revenue up 30.2% year-over-year.

Prescott Group Capital Management L.L.C. raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 40.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,000 shares of the company's stock after purchasing an additional 2,000 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in monday.com were worth $1,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of monday.com during the first quarter valued at approximately $30,000. First Horizon Advisors Inc. grew its position in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after purchasing an additional 70 shares during the period. Loomis Sayles & Co. L P bought a new stake in monday.com in the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC boosted its stake in shares of monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

MNDY has been the topic of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of monday.com in a report on Tuesday, May 13th. UBS Group cut their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley initiated coverage on shares of monday.com in a report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price target on the stock. DA Davidson lowered their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Canaccord Genuity Group cut their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $349.23.

monday.com Trading Down 1.1%

MNDY stock traded down $3.13 during trading on Tuesday, hitting $280.94. The company had a trading volume of 237,742 shares, compared to its average volume of 774,311. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 286.69, a P/E/G ratio of 105.75 and a beta of 1.30. The business has a 50 day moving average of $296.13 and a 200 day moving average of $276.10. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, equities analysts predict that monday.com Ltd. will post 0.46 EPS 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.