Avantax Advisory Services Inc. Has $461,000 Holdings in monday.com Ltd. (NASDAQ:MNDY)

Avantax Advisory Services Inc. cut its position in monday.com Ltd. (NASDAQ:MNDY) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,894 shares of the company’s stock after selling 152 shares during the period. Avantax Advisory Services Inc.’s holdings in monday.com were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. Grove Bank & Trust bought a new position in shares of monday.com in the first quarter worth about $30,000. First Horizon Advisors Inc. raised its stake in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after acquiring an additional 70 shares during the last quarter. Signaturefd LLC raised its stake in shares of monday.com by 50.7% in the first quarter. Signaturefd LLC now owns 217 shares of the company’s stock worth $53,000 after acquiring an additional 73 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of monday.com in the first quarter worth about $64,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of monday.com from $315.00 to $330.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Barclays dropped their price target on shares of monday.com from $360.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Loop Capital dropped their price target on shares of monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Canaccord Genuity Group dropped their price target on shares of monday.com from $375.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $325.00 price target on shares of monday.com in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.09.

monday.com Stock Up 3.5%

monday.com stock opened at $258.72 on Thursday. The stock has a market capitalization of $13.14 billion, a PE ratio of 264.00, a price-to-earnings-growth ratio of 90.45 and a beta of 1.27. monday.com Ltd. has a twelve month low of $202.01 and a twelve month high of $342.64. The company has a 50 day moving average of $291.57 and a 200-day moving average of $276.98.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities analysts anticipate 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.