Strs Ohio Buys New Holdings in monday.com Ltd. $MNDY

Key Points

• Strs Ohio has acquired a new stake in monday.com Ltd. by purchasing 30,421 shares valued at approximately $7.4 million during the 1st quarter of the fiscal year.
• Despite a year-high stock price reaching $342.64, recent analyst reviews downgraded monday.com, with Zacks Research changing the rating from "hold" to "strong sell."
• monday.com reported a strong quarterly performance with earnings per share of $1.09, exceeding estimates by $0.25, and a revenue growth of 26.6% year-over-year.

Strs Ohio bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,421 shares of the company's stock, valued at approximately $7,397,000. Strs Ohio owned approximately 0.06% of monday.com as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in monday.com during the first quarter worth about $25,000. NewEdge Advisors LLC boosted its position in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after buying an additional 106 shares during the period. Grove Bank & Trust purchased a new stake in shares of monday.com in the first quarter worth about $30,000. Finally, First Horizon Advisors Inc. lifted its holdings in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Up 6.3%

Shares of NASDAQ:MNDY traded up $12.97 on Friday, reaching $219.15. The company had a trading volume of 2,336,362 shares, compared to its average volume of 1,246,428. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The stock has a 50-day moving average price of $221.20 and a 200 day moving average price of $256.67. The stock has a market capitalization of $11.13 billion, a P/E ratio of 296.15, a P/E/G ratio of 12.39 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping 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 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 earnings per share. The firm's revenue for the quarter 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, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer assumed coverage on monday.com in a report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 target price on the stock. Cantor Fitzgerald dropped their price target on monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a research report on Thursday. Canaccord Genuity Group dropped their price target on monday.com from $350.00 to $255.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Citigroup lowered their target price on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, KeyCorp reiterated an "overweight" rating and set a $330.00 price target on shares of monday.com in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $296.86.

About monday.com

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.