Townsquare Capital LLC Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Townsquare Capital LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,030 shares of the company's stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of MNDY. Barclays PLC raised its position in shares of monday.com by 225.8% in the 3rd quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after buying an additional 12,078 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of monday.com in the 3rd quarter valued at about $469,000. American Trust purchased a new stake in shares of monday.com during the 3rd quarter worth about $204,000. Principal Financial Group Inc. increased its position in monday.com by 35.8% during the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after purchasing an additional 14,059 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in monday.com by 17.2% during the fourth quarter. CWA Asset Management Group LLC now owns 3,199 shares of the company's stock worth $753,000 after buying an additional 470 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $8.64 on Tuesday, hitting $237.67. The company's stock had a trading volume of 351,213 shares, compared to its average volume of 803,011. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 396.12, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The stock's 50-day moving average is $262.98 and its two-hundred day moving average is $266.45. monday.com Ltd. has a 12 month low of $179.02 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MNDY. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Cantor Fitzgerald boosted their price objective on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $346.73.

monday.com Company 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.