Taylor Frigon Capital Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,718 shares of the company's stock, valued at approximately $1,311,000.
Other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company's stock valued at $271,000 after acquiring an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of monday.com by 4.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock valued at $314,000 after acquiring an additional 50 shares in the last quarter. FDx Advisors Inc. increased its position in shares of monday.com by 4.7% in the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company's stock valued at $482,000 after acquiring an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in monday.com by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock worth $497,000 after acquiring an additional 91 shares in the last quarter. Finally, American International Group Inc. boosted its position in monday.com by 2.3% during the first quarter. American International Group Inc. now owns 4,550 shares of the company's stock valued at $1,028,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 73.70% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on MNDY. Tigress Financial boosted their price target on monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. DA Davidson upped their price target on shares of monday.com from $250.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Bank of America raised their price objective on shares of monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. KeyCorp decreased their target price on monday.com from $280.00 to $270.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 2nd. Finally, UBS Group lifted their price target on monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $303.35.
Check Out Our Latest Stock Report on monday.com
monday.com Price Performance
MNDY stock traded up $14.75 during trading on Thursday, reaching $297.27. 508,022 shares of the company were exchanged, compared to its average volume of 704,472. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 770.53, a P/E/G ratio of 13.68 and a beta of 1.32. The company has a 50-day moving average of $269.32 and a two-hundred day moving average of $236.51. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $297.27.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million during the quarter, compared to analysts' expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, analysts forecast that monday.com Ltd. will post 0.49 EPS for the current year.
About monday.com
(
Free Report)
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.
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