Strs Ohio Takes Position 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 stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,421 shares of the company's stock, valued at approximately $7,397,000. Strs Ohio owned about 0.06% of monday.com at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ASR Vermogensbeheer N.V. bought a new position in shares of monday.com in the 1st quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of monday.com in the 1st quarter valued at about $25,000. NewEdge Advisors LLC boosted its stake 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 valued at $27,000 after purchasing an additional 106 shares during the last quarter. Grove Bank & Trust bought a new position in shares of monday.com in the 1st quarter valued at about $30,000. Finally, First Horizon Advisors Inc. boosted its stake 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 acquiring an additional 70 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

Shares of MNDY stock opened at $191.95 on Monday. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The company has a market capitalization of $9.75 billion, a P/E ratio of 259.40, a price-to-earnings-growth ratio of 11.54 and a beta of 1.25. The company's 50 day moving average price is $231.32 and its two-hundred day moving average price is $259.20.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $293.60 million. During the same period last year, the company earned $0.94 earnings per share. The firm'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. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MNDY shares. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. The Goldman Sachs Group reduced their price objective on shares of monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Canaccord Genuity Group reduced their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Cowen reissued a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Finally, Barclays reduced their price objective on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $303.59.

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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