Public Employees Retirement System of Ohio Lowers Stock Position in monday.com Ltd. $MNDY

Public Employees Retirement System of Ohio cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 32.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the company’s stock after selling 900 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in monday.com were worth $598,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MNDY. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the first quarter worth about $25,000. Summit Securities Group LLC purchased a new position in shares of monday.com during the first quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its position in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust purchased a new stake in shares of monday.com in the 1st quarter worth approximately $30,000. Finally, First Horizon Advisors Inc. grew its stake in shares of 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 buying an additional 70 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

Shares of MNDY stock opened at $183.57 on Monday. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The company’s fifty day moving average price is $203.42 and its 200-day moving average price is $252.84. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 248.07, a PEG ratio of 8.68 and a beta of 1.24.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Jefferies Financial Group lowered their price objective on monday.com from $360.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 11th. The Goldman Sachs Group reduced their price target on monday.com from $350.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Robert W. Baird dropped their price target on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. DA Davidson cut their price objective on shares of monday.com from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, Bank of America restated a “neutral” rating and set a $205.00 price objective (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $292.36.

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.