Russell Investments Group Ltd. lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,790 shares of the company's stock after buying an additional 6,498 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of monday.com worth $7,973,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management grew 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 worth $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC boosted its position in monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock valued at $231,000 after purchasing an additional 55 shares in the last quarter. First Horizon Advisors Inc. boosted its position in monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares in the last quarter. Finally, Signaturefd LLC boosted its position in monday.com by 50.7% during the first quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 73.70% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MNDY. DA Davidson dropped their price objective on monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. The Goldman Sachs Group dropped their price objective on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. UBS Group decreased their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Canaccord Genuity Group decreased their price target 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. Finally, Robert W. Baird decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $303.59.
Get Our Latest Stock Report on MNDY
monday.com Stock Up 3.8%
Shares of NASDAQ:MNDY traded up $6.43 during trading on Friday, hitting $177.89. The stock had a trading volume of 1,056,648 shares, compared to its average volume of 1,820,004. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 240.40, a price-to-earnings-growth ratio of 5.98 and a beta of 1.27. The stock has a 50-day simple moving average of $264.33 and a two-hundred day simple moving average of $271.89.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm had revenue of $299.01 million during the quarter, compared to analysts' expectations of $293.60 million. During the same period last year, the business posted $0.94 earnings per share. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.
About monday.com
(
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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