Toth Financial Advisory Corp Purchases New Shares in monday.com Ltd. (NASDAQ:MNDY)

Toth Financial Advisory Corp bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,150 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its stake in monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after buying an additional 44 shares during the period. Prudential Financial Inc. lifted its stake in monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares during the period. Global Retirement Partners LLC lifted its stake in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock worth $253,000 after acquiring an additional 76 shares in the last quarter. Finally, Vestcor Inc raised its position in shares of monday.com by 16.0% during the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

monday.com stock traded down $19.01 during mid-day trading on Friday, hitting $279.95. 899,019 shares of the company's stock traded hands, compared to its average volume of 741,688. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 466.58, a P/E/G ratio of 16.53 and a beta of 1.30. The firm has a 50 day simple moving average of $277.67 and a two-hundred day simple moving average of $267.15. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. During the same quarter last year, the business earned $0.61 earnings per share. monday.com's revenue was up 30.2% on a year-over-year basis. On average, research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MNDY. DA Davidson decreased their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Scotiabank boosted their price objective on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Barclays decreased their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Tigress Financial raised their price target on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and an average target price of $347.86.

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.