Values First Advisors Inc. Lowers Position in monday.com Ltd. (NASDAQ:MNDY)

Values First Advisors Inc. decreased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,270 shares of the company’s stock after selling 1,791 shares during the period. Values First Advisors Inc.’s holdings in monday.com were worth $299,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Stonebridge Financial Group LLC bought a new position in monday.com during the 4th quarter valued at $25,000. R Squared Ltd purchased a new stake in shares of monday.com in the fourth quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of monday.com during the third quarter valued at about $43,000. Spire Wealth Management purchased a new position in monday.com during the fourth quarter worth about $125,000. Finally, Vestcor Inc boosted its holdings in monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

monday.com stock opened at $317.73 on Thursday. The firm has a market capitalization of $15.34 billion, a P/E ratio of 774.95, a PEG ratio of 7.67 and a beta of 1.31. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The business has a fifty day moving average price of $251.81 and a 200-day moving average price of $263.06.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Sell-side analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNDY. Canaccord Genuity Group lifted their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Company 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.