Cerity Partners LLC Grows Holdings in monday.com Ltd. (NASDAQ:MNDY)

Cerity Partners LLC increased its position in monday.com Ltd. (NASDAQ:MNDY) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016 shares of the company’s stock after purchasing an additional 218 shares during the period. Cerity Partners LLC’s holdings in monday.com were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust bought a new position in monday.com during the 1st quarter valued at about $30,000. First Horizon Advisors Inc. increased its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after acquiring an additional 70 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in monday.com in the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC grew its holdings in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock valued at $55,000 after buying an additional 52 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in monday.com during the 1st quarter valued at approximately $64,000. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 1.0%

Shares of NASDAQ:MNDY opened at $292.24 on Friday. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The company has a market capitalization of $14.84 billion, a PE ratio of 298.20, a PEG ratio of 104.67 and a beta of 1.30. The business has a 50 day moving average of $296.25 and a two-hundred day moving average of $274.97.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNDY has been the subject of a number of research analyst reports. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the company an “overweight” rating in a report on Friday, June 13th. Piper Sandler restated an “overweight” rating and issued a $325.00 price target on shares of monday.com in a research report on Friday, June 27th. Jefferies Financial Group decreased their target price on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Morgan Stanley started coverage on monday.com in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $330.00 target price for the company. Finally, Scotiabank raised their price target on monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $349.23.

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.