Larson Financial Group LLC Raises Position in monday.com Ltd. (NASDAQ:MNDY)

Larson Financial Group LLC lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 645.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604 shares of the company’s stock after buying an additional 523 shares during the period. Larson Financial Group LLC’s holdings in monday.com were worth $168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. purchased a new stake in shares of monday.com in the third quarter worth about $1,667,000. International Assets Investment Management LLC purchased a new stake in shares of monday.com in the third quarter worth about $21,989,000. Taylor Frigon Capital Management LLC purchased a new stake in shares of monday.com in the third quarter worth about $1,311,000. Quent Capital LLC purchased a new stake in shares of monday.com in the first quarter worth about $565,000. Finally, California State Teachers Retirement System boosted its holdings in monday.com by 13.8% in the first quarter. California State Teachers Retirement System now owns 25,320 shares of the company’s stock valued at $5,719,000 after purchasing an additional 3,068 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 2.1 %

Shares of monday.com stock opened at $286.95 on Friday. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 699.88, a PEG ratio of 8.25 and a beta of 1.31. The business’s 50 day simple moving average is $284.00 and its 200-day simple moving average is $253.54.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue was up 49.5% compared to the same quarter last year. Sell-side analysts predict that monday.com Ltd. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their price target on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Scotiabank assumed coverage on monday.com in a report on Tuesday, November 19th. They issued a “sector outperform” rating and a $325.00 price target for the company. TD Cowen increased their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Piper Sandler increased their price target on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Needham & Company LLC increased their price target on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $310.81.

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.