Rafferty Asset Management LLC Makes New $451,000 Investment in monday.com Ltd. $MNDY

Key Points

• Rafferty Asset Management LLC has acquired a new position in monday.com Ltd. with 1,854 shares valued at approximately $451,000.
• Several analysts have revised their ratings for monday.com, with Zacks Research downgrading it to a "strong sell" and Goldman Sachs lowering their price target from $350 to $270.
• monday.com reported earnings of $1.09 per share, exceeding analysts' expectations, with a revenue increase of 26.6% compared to the same quarter last year.

Rafferty Asset Management LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,854 shares of the company's stock, valued at approximately $451,000.

A number of other large investors have also recently bought and sold shares of MNDY. Spire Wealth Management lifted its position in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $55,000 after buying an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock valued at $231,000 after buying an additional 55 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of monday.com by 72.9% during 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 in the last quarter. Finally, Signaturefd LLC lifted its position in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

MNDY has been the subject of several recent research reports. Robert W. Baird reduced their price objective on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Canaccord Genuity Group cut their target price on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. UBS Group lowered their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Bank of America reiterated a "neutral" rating and set a $205.00 price target (down from $240.00) on shares of monday.com in a report on Thursday, August 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of monday.com in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and an average target price of $303.59.

monday.com Trading Up 1.2%

monday.com stock traded up $2.27 during midday trading on Monday, reaching $188.00. 126,001 shares of the stock traded hands, compared to its average volume of 932,551. The company has a 50-day simple moving average of $242.61 and a two-hundred day simple moving average of $263.00. The firm has a market cap of $9.54 billion, a PE ratio of 254.07, a price-to-earnings-growth ratio of 11.16 and a beta of 1.25. 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 released its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities 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.