Yarbrough Capital LLC Has $1.38 Million Stock Holdings in monday.com Ltd. $MNDY

Key Points

• Yarbrough Capital LLC increased its holdings in monday.com Ltd. by 38.4% in the second quarter, totaling $1.38 million worth of stock.
• Several institutional investors have also modified their positions in monday.com, with 73.70% of the stock currently owned by such investors.
• As of the latest financial reports, monday.com achieved a 26.6% year-over-year increase in revenue, reporting $299.01 million for the quarter.

Yarbrough Capital LLC grew its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 38.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,381 shares of the company's stock after purchasing an additional 1,215 shares during the period. Yarbrough Capital LLC's holdings in monday.com were worth $1,378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the first quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of monday.com during the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC increased its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust bought a new position in monday.com in the 1st quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. boosted its position in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Cantor Fitzgerald dropped their target price on monday.com from $286.00 to $257.00 and set an "overweight" rating for the company in a research report on Thursday, September 18th. Oppenheimer assumed coverage on monday.com in a research report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 target price for the company. The Goldman Sachs Group reduced their price target on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Zacks Research downgraded monday.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Finally, Cowen reiterated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $296.86.

monday.com Trading Up 1.6%

MNDY opened at $215.42 on Wednesday. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 291.11, a PEG ratio of 10.02 and a beta of 1.25. The company's fifty day moving average price is $218.24 and its two-hundred day moving average price is $255.96.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $293.60 million. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.

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