Raymond James Financial Inc. trimmed its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 31.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 78,776 shares of the company's stock after selling 35,946 shares during the period. Raymond James Financial Inc. owned approximately 0.16% of monday.com worth $19,155,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter worth approximately $25,000. Grove Bank & Trust purchased a new position in monday.com in the first quarter worth approximately $30,000. First Horizon Advisors Inc. grew its position in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares during the period. Signaturefd LLC grew its position in monday.com by 50.7% in the first quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after acquiring an additional 73 shares during the period. Finally, Farther Finance Advisors LLC grew its position in monday.com by 32.7% in the first 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 period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MNDY has been the subject of several research analyst reports. Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Needham & Company LLC restated a "buy" rating and set a $250.00 price target on shares of monday.com in a research report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Jefferies Financial Group lowered their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Finally, Robert W. Baird lowered their price target on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $303.59.
Read Our Latest Stock Analysis on MNDY
monday.com Price Performance
Shares of NASDAQ MNDY traded down $2.01 during mid-day trading on Tuesday, hitting $190.99. The company had a trading volume of 437,865 shares, compared to its average volume of 926,298. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The company has a market capitalization of $9.70 billion, a PE ratio of 258.20, a price-to-earnings-growth ratio of 11.60 and a beta of 1.25. The business's 50-day simple moving average is $252.04 and its 200 day simple moving average is $266.61.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same period last year, the firm earned $0.94 earnings per share. monday.com's quarterly revenue 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. On average, analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.
monday.com Profile
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Free Report)
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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