Janney Montgomery Scott LLC Purchases New Position in monday.com Ltd. (NASDAQ:MNDY)

Janney Montgomery Scott LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,605 shares of the company’s stock, valued at approximately $1,001,000.

Several other institutional investors also recently bought and sold shares of MNDY. Price T Rowe Associates Inc. MD grew its holdings in monday.com by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after purchasing an additional 31,304 shares during the period. Renaissance Technologies LLC grew its holdings in monday.com by 20.2% in the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after purchasing an additional 188,800 shares during the period. 1832 Asset Management L.P. grew its holdings in monday.com by 34.4% in the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock valued at $160,707,000 after purchasing an additional 170,800 shares during the period. Eminence Capital LP grew its holdings in monday.com by 1.4% in the second quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock valued at $113,330,000 after purchasing an additional 6,349 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after purchasing an additional 313,279 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MNDY. Citigroup raised their price objective on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Tigress Financial raised their price objective on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Needham & Company LLC raised their price objective on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average price target of $310.10.

monday.com Stock Down 2.2 %

NASDAQ:MNDY opened at $262.89 on Friday. monday.com Ltd. has a 52 week low of $166.86 and a 52 week high of $324.99. The company has a market capitalization of $12.69 billion, a P/E ratio of 641.20, a P/E/G ratio of 12.55 and a beta of 1.31. The stock’s fifty day moving average is $280.53 and its two-hundred day moving average is $248.14.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. Sell-side analysts anticipate that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.

About monday.com

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.