Vanguard Group Inc. Raises Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Vanguard Group Inc. raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,888 shares of the company’s stock after buying an additional 1,426 shares during the period. Vanguard Group Inc. owned about 0.14% of monday.com worth $16,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Jennison Associates LLC grew its stake in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares during the period. SG Americas Securities LLC grew its position in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after acquiring an additional 434,035 shares during the period. Geode Capital Management LLC raised its holdings in monday.com by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock worth $91,447,000 after purchasing an additional 12,968 shares during the period. Bank of New York Mellon Corp lifted its position in monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock valued at $60,144,000 after purchasing an additional 8,329 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in monday.com during the fourth quarter valued at about $27,010,000. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of recent analyst reports. Cantor Fitzgerald upped their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Scotiabank reduced their price objective on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Robert W. Baird increased their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler boosted their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price objective on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.91.

monday.com Stock Down 0.3 %

Shares of monday.com stock opened at $250.34 on Thursday. The company has a market cap of $12.71 billion, a P/E ratio of 417.23, a PEG ratio of 16.53 and a beta of 1.34. The firm’s 50 day moving average price is $269.64 and its 200-day moving average price is $267.45. monday.com Ltd. has a 52-week low of $174.75 and a 52-week 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 net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com Company 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.