monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 42.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030 shares of the company’s stock after purchasing an additional 905 shares during the period. Lake Street Advisors Group LLC’s holdings in monday.com were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MNDY. International Assets Investment Management LLC acquired a new stake in monday.com in the 3rd quarter worth about $21,989,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of monday.com in the third quarter valued at approximately $43,000. Autumn Glory Partners LLC acquired a new stake in shares of monday.com in the third quarter worth approximately $291,000. abrdn plc acquired a new stake in shares of monday.com in the third quarter worth approximately $269,000. Finally, Palumbo Wealth Management LLC increased its position in shares of monday.com by 8.3% during the third quarter. Palumbo Wealth Management LLC now owns 2,525 shares of the company’s stock worth $701,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler upped their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Cantor Fitzgerald raised their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Tigress Financial boosted their target price on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $358.32.

monday.com Price Performance

NASDAQ MNDY opened at $306.04 on Thursday. The stock has a market capitalization of $14.77 billion, a P/E ratio of 510.07, a PEG ratio of 16.53 and a beta of 1.31. The firm’s 50-day moving average is $258.98 and its two-hundred day moving average is $269.54. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, analysts anticipate that monday.com Ltd. will post 0.46 EPS 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.