Oppenheimer Asset Management Inc. Has $497,000 Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Oppenheimer Asset Management Inc. raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 4.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,065 shares of the company’s stock after acquiring an additional 91 shares during the period. Oppenheimer Asset Management Inc.’s holdings in monday.com were worth $497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ridgewood Investments LLC bought a new stake in monday.com in the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of monday.com by 2.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock worth $65,000 after buying an additional 691 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of monday.com during the second quarter worth about $69,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNDY. Canaccord Genuity Group upped their price target on monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group increased their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price target (up from $270.00) on shares of monday.com in a research note on Monday, August 12th. Loop Capital increased their price objective on shares of monday.com from $245.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Tigress Financial raised their price objective on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average price target of $285.79.

monday.com Stock Performance

Shares of MNDY stock opened at $280.17 on Friday. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $281.26. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 737.29, a PEG ratio of 12.23 and a beta of 1.32. The company has a 50-day simple moving average of $244.98 and a 200 day simple moving average of $226.74.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Sell-side analysts forecast that monday.com Ltd. will post 0.49 EPS for the current 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.