Lake Street Advisors Group LLC Increases Holdings in monday.com Ltd. (NASDAQ:MNDY)

Lake Street Advisors Group LLC boosted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,030 shares of the company's stock after purchasing an additional 905 shares during the period. Lake Street Advisors Group LLC's holdings in monday.com were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in shares of monday.com during the 4th quarter worth approximately $33,000. Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the period. Finally, Cromwell Holdings LLC increased its stake in shares of monday.com by 372.7% in the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company's stock valued at $37,000 after purchasing an additional 123 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MNDY has been the topic of several recent analyst reports. William Blair reissued an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Jefferies Financial Group upped their price target on monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. DA Davidson increased their price objective on monday.com from $300.00 to $350.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $358.32.

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monday.com Price Performance

NASDAQ MNDY traded up $0.22 during mid-day trading on Friday, hitting $296.77. The stock had a trading volume of 665,988 shares, compared to its average volume of 1,101,811. The firm's 50 day moving average is $261.51 and its 200 day moving average is $270.04. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 494.62, a PEG ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced 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%. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.