Toth Financial Advisory Corp Buys Shares of 1,150 monday.com Ltd. (NASDAQ:MNDY)

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

A number of other institutional investors have also recently bought and sold shares of MNDY. FMR LLC boosted its position in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the last quarter. Norges Bank bought a new position in monday.com in the fourth quarter valued at $116,686,000. T. Rowe Price Investment Management Inc. bought a new position in monday.com in the fourth quarter valued at $109,605,000. CIBC Private Wealth Group LLC increased its stake in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after buying an additional 403,255 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in monday.com by 7,282.0% during the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock worth $71,572,000 after buying an additional 299,874 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MNDY shares. The Goldman Sachs Group raised their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Robert W. Baird raised their price target on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Jefferies Financial Group cut their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Piper Sandler raised their target price on shares of monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Stock Down 0.3%

Shares of NASDAQ MNDY traded down $0.90 on Tuesday, reaching $308.12. 321,246 shares of the company's stock traded hands, compared to its average volume of 741,417. The business's 50 day simple moving average is $271.72 and its two-hundred day simple moving average is $266.70. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 513.53, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its 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. The firm had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.