Pekao Towarzystwo Funduszy Inwestycyjnych S.A. Buys Shares of 10,835 monday.com Ltd. $MNDY

Pekao Towarzystwo Funduszy Inwestycyjnych S.A. bought a new stake in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,835 shares of the company’s stock, valued at approximately $1,599,000. monday.com accounts for about 1.3% of Pekao Towarzystwo Funduszy Inwestycyjnych S.A.’s portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Advisory Services Network LLC acquired a new position in shares of monday.com during the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its position in shares of monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the period. Abound Wealth Management acquired a new position in shares of monday.com during the fourth quarter worth approximately $30,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of monday.com by 575.8% during the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after buying an additional 190 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MNDY. UBS Group reduced their price objective on monday.com from $140.00 to $93.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, February 9th. KeyCorp reduced their price objective on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded monday.com from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $152.67.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $64.99 on Friday. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.33 and a beta of 1.29. The stock’s 50 day moving average price is $71.71 and its 200 day moving average price is $126.70.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 9th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The firm had revenue of $333.88 million for the quarter, compared to analysts’ expectations of $329.71 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.