Public Employees Retirement System of Ohio Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Public Employees Retirement System of Ohio purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,100 shares of the company's stock, valued at approximately $6,416,000.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC purchased a new stake in shares of monday.com during the first quarter worth $264,000. Blue Trust Inc. raised its stake in shares of monday.com by 10,650.0% during the 2nd quarter. Blue Trust Inc. now owns 645 shares of the company's stock valued at $146,000 after purchasing an additional 639 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of monday.com by 14.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,606 shares of the company's stock valued at $15,555,000 after purchasing an additional 8,106 shares during the period. Raymond James & Associates lifted its holdings in monday.com by 9.8% during the 2nd quarter. Raymond James & Associates now owns 31,845 shares of the company's stock worth $7,667,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Washington Capital Management Inc. boosted its stake in monday.com by 23.8% in the 2nd quarter. Washington Capital Management Inc. now owns 2,600 shares of the company's stock worth $626,000 after purchasing an additional 500 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNDY has been the topic of a number of recent analyst reports. Capital One Financial initiated coverage on shares of monday.com in a report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target on the stock. DA Davidson reissued a "neutral" rating and issued a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Loop Capital upped their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Scotiabank began coverage on monday.com in a research note on Tuesday, November 19th. They issued a "sector outperform" rating and a $325.00 target price on the stock. Finally, Citigroup lifted their price target on monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $310.81.

monday.com Stock Performance

MNDY traded down $8.96 on Friday, hitting $273.08. 488,853 shares of the company were exchanged, compared to its average volume of 725,347. The firm has a fifty day simple moving average of $285.81 and a two-hundred day simple moving average of $258.24. The stock has a market capitalization of $13.18 billion, a PE ratio of 666.05, a price-to-earnings-growth ratio of 7.75 and a beta of 1.25. monday.com Ltd. has a 12 month low of $170.00 and a 12 month high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analysts' expectations of $246.17 million. During the same quarter last year, the business earned $0.15 earnings per share. The business's revenue was up 49.5% on a year-over-year basis. On average, equities analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current year.

monday.com 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.