Toth Financial Advisory Corp Invests $782,000 in monday.com Ltd. (NASDAQ:MNDY)

Toth Financial Advisory Corp purchased a new position in monday.com Ltd. (NASDAQ:MNDY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,464 shares of the company’s stock, valued at approximately $782,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of monday.com by 55.2% in the fourth quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock worth $2,352,000 after acquiring an additional 4,457 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of monday.com in the fourth quarter worth approximately $25,925,000. M&G Investment Management Ltd. boosted its stake in shares of monday.com by 8.5% in the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock worth $9,089,000 after acquiring an additional 3,796 shares during the last quarter. Boulder Hill Capital Management LP purchased a new position in monday.com during the fourth quarter worth approximately $2,197,000. Finally, Trexquant Investment LP lifted its position in monday.com by 107.5% during the fourth quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock worth $11,474,000 after buying an additional 31,656 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Trading Up 1.9 %

MNDY stock opened at $240.76 on Friday. The company has a market capitalization of $11.62 billion, a PE ratio of 633.60, a P/E/G ratio of 48.15 and a beta of 1.30. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $249.00. The business’s fifty day moving average price is $214.59 and its 200 day moving average price is $209.81.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.25. The firm had revenue of $216.91 million for the quarter, compared to the consensus estimate of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. Research analysts predict that monday.com Ltd. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MNDY. Piper Sandler reiterated an “overweight” rating and set a $270.00 price objective (up previously from $250.00) on shares of monday.com in a research report on Wednesday, May 15th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. Barclays began coverage on monday.com in a research report on Wednesday. They set an “overweight” rating and a $275.00 price objective on the stock. Citigroup downgraded monday.com from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group lifted their price objective on monday.com from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $253.82.

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.