WoodTrust Financial Corp bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,050 shares of the company's stock, valued at approximately $255,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust acquired a new stake in shares of monday.com in the 1st quarter valued at $30,000. Signaturefd LLC increased its stake in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares during the period. Global Retirement Partners LLC increased its stake in shares of monday.com by 64.8% in the 4th 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. Loomis Sayles & Co. L P acquired a new stake in shares of monday.com in the 4th quarter valued at $44,000. Finally, Farther Finance Advisors LLC grew its stake in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after purchasing an additional 52 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.
monday.com Stock Up 0.8%
Shares of NASDAQ:MNDY traded up $2.44 during mid-day trading on Friday, reaching $307.96. 530,820 shares of the stock were exchanged, compared to its average volume of 739,073. The company has a market cap of $15.64 billion, a P/E ratio of 314.24, a P/E/G ratio of 110.55 and a beta of 1.30. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64. The stock's 50 day simple moving average is $287.44 and its 200-day simple moving average is $267.70.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same period last year, the company earned $0.61 earnings per share. monday.com's quarterly revenue was up 30.2% on a year-over-year basis. Analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. DA Davidson dropped their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays dropped their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Morgan Stanley assumed coverage on monday.com in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price objective for the company. Finally, Piper Sandler reiterated an "overweight" rating and issued a $325.00 price objective on shares of monday.com in a report on Friday. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.09.
Get Our Latest Stock Analysis on MNDY
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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