Guggenheim Capital LLC Boosts Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Guggenheim Capital LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,495 shares of the company’s stock after buying an additional 79 shares during the quarter. Guggenheim Capital LLC’s holdings in monday.com were worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in monday.com by 10.9% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 2,547 shares of the company’s stock worth $364,000 after purchasing an additional 251 shares during the last quarter. Bessemer Group Inc. boosted its holdings in monday.com by 205.6% in the first quarter. Bessemer Group Inc. now owns 8,824 shares of the company’s stock worth $1,260,000 after purchasing an additional 5,937 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in monday.com by 30.0% in the first quarter. Silicon Valley Capital Partners now owns 6,773 shares of the company’s stock worth $967,000 after purchasing an additional 1,563 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in monday.com by 23.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,902 shares of the company’s stock worth $272,000 after purchasing an additional 366 shares during the last quarter. Finally, Boston Partners purchased a new stake in monday.com in the first quarter worth approximately $577,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MNDY. Jefferies Financial Group raised their target price on shares of monday.com from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, August 15th. Piper Sandler reiterated an “overweight” rating and issued a $215.00 price target (up from $200.00) on shares of monday.com in a research report on Monday, August 14th. Citigroup increased their price target on shares of monday.com from $224.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Loop Capital increased their price target on shares of monday.com from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Canaccord Genuity Group increased their price target on shares of monday.com from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.56.

monday.com Trading Up 0.5 %

MNDY stock opened at $177.44 on Friday. monday.com Ltd. has a 12 month low of $73.58 and a 12 month high of $189.15. The company has a 50-day moving average price of $169.63 and a 200 day moving average price of $154.85. The stock has a market cap of $7.83 billion, a PE ratio of -177.44 and a beta of 0.77.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 14th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.24. monday.com had a negative net margin of 7.40% and a negative return on equity of 6.92%. The firm had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $169.25 million. During the same period in the previous year, the company earned ($1.01) EPS. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. Sell-side analysts forecast that monday.com Ltd. will post -1.2 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, and internationally. It 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.