Stephens Investment Management Group LLC lessened its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,739 shares of the company's stock after selling 7,787 shares during the period. Stephens Investment Management Group LLC owned about 0.26% of monday.com worth $41,429,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new stake in shares of monday.com in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com in the 1st quarter worth about $25,000. NewEdge Advisors LLC raised its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock worth $50,000 after acquiring an additional 60 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of 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 acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MNDY. Robert W. Baird lowered their target price on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Bank of America reiterated a "neutral" rating and issued a $205.00 price objective (down previously from $240.00) on shares of monday.com in a research note on Thursday, August 21st. DA Davidson decreased their price objective on shares of monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Canaccord Genuity Group decreased their price objective on shares of 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, Oppenheimer started coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $300.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $290.81.
View Our Latest Analysis on MNDY
monday.com Stock Up 3.4%
Shares of MNDY stock opened at $192.28 on Wednesday. The company has a 50 day moving average of $188.68 and a 200-day moving average of $246.97. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The firm has a market cap of $9.76 billion, a P/E ratio of 259.84, a PEG ratio of 8.79 and a beta of 1.24.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.63% and a return on equity of 6.32%. The company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter last year, the business posted $0.94 EPS. monday.com's quarterly 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 expect that monday.com Ltd. will post 0.46 EPS 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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