500 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Toronto Dominion Bank

Toronto Dominion Bank acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 500 shares of the company’s stock, valued at approximately $120,000.

A number of other institutional investors have also recently modified their holdings of MNDY. Mercer Global Advisors Inc. ADV increased its position in shares of monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after buying an additional 50 shares during the last quarter. FDx Advisors Inc. boosted its position in shares of monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of monday.com by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after buying an additional 91 shares during the period. Finally, American International Group Inc. grew its position in monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after acquiring an additional 102 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Down 3.1 %

NASDAQ:MNDY opened at $269.14 on Wednesday. The stock’s 50-day simple moving average is $251.96 and its 200 day simple moving average is $229.91. The firm has a market capitalization of $12.99 billion, a PE ratio of 708.26, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $285.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The firm had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. On average, analysts anticipate that monday.com Ltd. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Monday, June 24th. TD Cowen raised their price objective on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price target on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Citigroup lifted their target price on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Bank of America increased their price target on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $296.16.

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.