Baird Financial Group Inc. Increases Stock Position in monday.com Ltd. $MNDY

Baird Financial Group Inc. increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 34.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,672 shares of the company’s stock after acquiring an additional 3,977 shares during the quarter. Baird Financial Group Inc.’s holdings in monday.com were worth $4,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC bought a new position in monday.com during the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after acquiring an additional 65 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of monday.com by 60.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after acquiring an additional 60 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of monday.com by 219.6% during the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MNDY. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of monday.com in a research note on Thursday, September 18th. The Goldman Sachs Group lowered their price objective on monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Canaccord Genuity Group decreased their price target on monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Jefferies Financial Group lowered their price target on monday.com from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.27.

monday.com Stock Up 0.3%

Shares of NASDAQ:MNDY opened at $162.51 on Wednesday. The stock has a market capitalization of $8.25 billion, a PE ratio of 132.12, a price-to-earnings-growth ratio of 6.40 and a beta of 1.27. The firm’s 50 day moving average price is $173.68 and its 200-day moving average price is $222.92. monday.com Ltd. has a twelve month low of $141.20 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.monday.com’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.