Sheets Smith Wealth Management Acquires Shares of 1,630 monday.com Ltd. $MNDY

Key Points

• Sheets Smith Wealth Management acquired 1,630 shares of monday.com Ltd., valued at approximately $513,000, during the second quarter.
• Several institutions have increased their stakes in monday.com, with hedge funds and institutional investors now owning 73.70% of the company's stock.
• Analysts have issued various ratings and adjusted price targets for monday.com, with the stock currently holding an average rating of "Moderate Buy" and an average price target of $296.86.

Sheets Smith Wealth Management bought a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,630 shares of the company's stock, valued at approximately $513,000.

A number of other large investors have also modified their holdings of MNDY. Counterpoint Mutual Funds LLC purchased a new position in monday.com in the 2nd quarter valued at about $768,000. Park Avenue Securities LLC raised its position in shares of monday.com by 114.8% during the 2nd quarter. Park Avenue Securities LLC now owns 2,090 shares of the company's stock worth $657,000 after purchasing an additional 1,117 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of monday.com by 74.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 369 shares of the company's stock valued at $116,000 after purchasing an additional 158 shares during the last quarter. Shelton Wealth Management LLC grew its holdings in monday.com by 11.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 4,078 shares of the company's stock valued at $1,282,000 after purchasing an additional 421 shares in the last quarter. Finally, Viking Fund Management LLC grew its position in shares of monday.com by 40.0% during the 2nd quarter. Viking Fund Management LLC now owns 7,000 shares of the company's stock valued at $2,201,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNDY. Cantor Fitzgerald lowered their price target on shares of monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a report on Thursday, September 18th. Barclays dropped their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group dropped their price objective on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Oppenheimer assumed coverage on monday.com in a research report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price target on the stock. Finally, Baird R W upgraded monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $296.86.

monday.com Stock Performance

Shares of monday.com stock opened at $212.40 on Thursday. The company has a market cap of $10.78 billion, a P/E ratio of 287.03, a PEG ratio of 10.18 and a beta of 1.25. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The firm has a fifty day moving average of $216.75 and a two-hundred day moving average of $255.66.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating 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 business had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the previous year, the company posted $0.94 EPS. The company's revenue 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, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share 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.

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