Mount Yale Investment Advisors LLC Invests $1.51 Million in monday.com Ltd. (NASDAQ:MNDY)

Mount Yale Investment Advisors LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,678 shares of the company’s stock, valued at approximately $1,508,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. WCM Investment Management LLC acquired a new stake in shares of monday.com in the first quarter worth $728,521,000. Jennison Associates LLC bought a new position in monday.com during the fourth quarter valued at about $131,086,000. Baillie Gifford & Co. acquired a new position in monday.com in the 1st quarter valued at approximately $76,534,000. Clearbridge Investments LLC lifted its position in shares of monday.com by 2,851.5% in the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after acquiring an additional 332,852 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of monday.com during the 4th quarter worth approximately $58,689,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Down 1.8 %

NASDAQ MNDY traded down $4.32 on Monday, reaching $233.65. The company had a trading volume of 253,351 shares, compared to its average volume of 792,286. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $251.48. The stock’s 50 day moving average is $232.16 and its 200-day moving average is $216.95. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 616.67, a PEG ratio of 47.59 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.25. The business had revenue of $216.91 million for the quarter, compared to analyst estimates of $210.33 million. monday.com had a net margin of 2.53% and a return on equity of 2.42%. As a group, analysts forecast that monday.com Ltd. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNDY. Wells Fargo & Company upped their target price on monday.com from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. KeyCorp cut their price target on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Citigroup lowered monday.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Oppenheimer upped their target price on shares of monday.com from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $270.00 price target on shares of monday.com in a report on Friday, July 12th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.53.

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.