Rhumbline Advisers Acquires 671 Shares of monday.com Ltd. $MNDY

Rhumbline Advisers raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 6.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,232 shares of the company’s stock after acquiring an additional 671 shares during the quarter. Rhumbline Advisers’ holdings in monday.com were worth $2,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management grew its position in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company’s stock worth $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after buying an additional 55 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after buying an additional 70 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company’s stock worth $53,000 after buying an additional 73 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 1.1%

Shares of NASDAQ:MNDY opened at $195.60 on Wednesday. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 264.33, a PEG ratio of 11.63 and a beta of 1.25. The business has a 50-day moving average price of $226.83 and a 200-day moving average price of $258.05.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm had revenue of $299.01 million during the quarter, compared to analysts’ expectations of $293.60 million. During the same period last year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of recent research reports. UBS Group dropped their price target on monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Oppenheimer initiated coverage on monday.com in a research report on Wednesday, August 27th. They set an “outperform” rating and a $300.00 price target on the stock. DA Davidson dropped their price target on monday.com from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price target on monday.com and gave the stock an “overweight” rating in a research report on Friday, June 13th. Finally, Citigroup decreased their price objective on monday.com from $381.00 to $326.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $303.59.

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.