Toth Financial Advisory Corp Buys Shares of 1,150 monday.com Ltd. (NASDAQ:MNDY)

Toth Financial Advisory Corp bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the first quarter, Holdings Channel reports. The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after acquiring an additional 1,189,858 shares in the last quarter. Norges Bank bought a new stake in shares of monday.com during the 4th quarter worth about $116,686,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of monday.com during the 4th quarter worth about $109,605,000. CIBC Private Wealth Group LLC boosted its stake in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of monday.com by 7,282.0% during the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company’s stock worth $71,572,000 after acquiring an additional 299,874 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 1.2%

Shares of MNDY stock opened at $309.02 on Tuesday. The stock has a 50 day moving average of $271.72 and a two-hundred day moving average of $266.70. 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 $15.69 billion, a P/E ratio of 515.03, a P/E/G ratio of 16.53 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the company earned $0.61 EPS. The company’s quarterly revenue was up 30.2% on a year-over-year basis. Sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on MNDY. Jefferies Financial Group decreased their price target on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Wall Street Zen upgraded monday.com from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. UBS Group decreased their price target on monday.com from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Cantor Fitzgerald upped their price target on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Barclays decreased their price target on monday.com from $360.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $346.50.

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.