3,464 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp bought a new position in monday.com Ltd. (NASDAQ:MNDY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,464 shares of the company’s stock, valued at approximately $782,000.

Other large investors have also made changes to their positions in the company. Desjardins Global Asset Management Inc. raised its position in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in monday.com by 13.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after purchasing an additional 93 shares during the period. Yousif Capital Management LLC raised its position in monday.com by 11.9% in the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock valued at $282,000 after purchasing an additional 160 shares during the period. BloombergSen Inc. raised its position in monday.com by 28.7% in the fourth quarter. BloombergSen Inc. now owns 1,010 shares of the company’s stock valued at $190,000 after purchasing an additional 225 shares during the period. Finally, Principal Financial Group Inc. raised its position in monday.com by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,914 shares of the company’s stock valued at $359,000 after purchasing an additional 232 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of monday.com in a research note on Monday, June 17th. Citigroup downgraded monday.com from a “buy” rating to a “neutral” rating and lowered their target price for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Tigress Financial raised their target price on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, DA Davidson raised their target price on monday.com from $190.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.82.

monday.com Stock Up 1.9 %

Shares of monday.com stock opened at $240.76 on Friday. The firm has a market cap of $11.62 billion, a P/E ratio of 633.60, a P/E/G ratio of 48.15 and a beta of 1.30. monday.com Ltd. has a fifty-two week low of $122.13 and a fifty-two week high of $249.00. The business has a 50-day moving average price of $214.59 and a 200 day moving average price of $209.81.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.25. The firm had revenue of $216.91 million during the quarter, compared to analyst estimates of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.12 earnings per share for the current 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.