Lake Street Advisors Group LLC Buys Shares of 2,125 monday.com Ltd. (NASDAQ:MNDY)

Lake Street Advisors Group LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,125 shares of the company's stock, valued at approximately $590,000.

Several other institutional investors have also modified their holdings of the business. Ridgewood Investments LLC bought a new position in shares of monday.com in the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC raised its position in monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after acquiring an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in monday.com in the second quarter valued at $69,000. PNC Financial Services Group Inc. increased its stake in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock worth $74,000 after purchasing an additional 310 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock valued at $91,000 after purchasing an additional 356 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group raised their price target on monday.com from $250.00 to $295.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Tigress Financial boosted their price target on monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. KeyCorp decreased their price objective on monday.com from $280.00 to $270.00 and set an "overweight" rating on the stock in a report on Tuesday, July 2nd. Capital One Financial initiated coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target on the stock. Finally, Loop Capital lifted their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $303.35.

monday.com Trading Up 0.8 %

monday.com stock traded up $2.34 during midday trading on Friday, reaching $299.61. The stock had a trading volume of 642,078 shares, compared to its average volume of 704,170. monday.com Ltd. has a 12 month low of $122.13 and a 12 month high of $302.57. The company has a market capitalization of $14.46 billion, a P/E ratio of 788.45, a PEG ratio of 13.58 and a beta of 1.32. The company has a fifty day moving average price of $270.78 and a two-hundred day moving average price of $237.66.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The firm had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. On average, equities research analysts predict that monday.com Ltd. will post 0.5 earnings per share for the current fiscal 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.