Prescott Group Capital Management L.L.C. Makes New $1.18 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

Prescott Group Capital Management L.L.C. purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company's stock, valued at approximately $1,177,000.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of monday.com in the third quarter valued at about $1,001,000. Van ECK Associates Corp lifted its holdings in monday.com by 1.6% in the third quarter. Van ECK Associates Corp now owns 13,244 shares of the company's stock valued at $3,742,000 after acquiring an additional 205 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company's stock worth $10,159,000 after purchasing an additional 2,196 shares in the last quarter. United Advisor Group LLC purchased a new position in shares of monday.com during the 3rd quarter valued at approximately $208,000. Finally, M&G PLC acquired a new position in shares of monday.com in the 3rd quarter valued at $9,921,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Down 5.2 %

NASDAQ MNDY traded down $13.10 during mid-day trading on Monday, hitting $239.16. The stock had a trading volume of 694,242 shares, compared to its average volume of 1,062,954. The company has a 50 day simple moving average of $264.93 and a 200 day simple moving average of $270.20. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 398.60, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

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monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results 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 return on equity of 6.22% and a net margin of 3.33%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. DA Davidson increased their target price on monday.com from $300.00 to $350.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Needham & Company LLC lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. William Blair reaffirmed an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, Robert W. Baird raised their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.32.

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.