Lake Street Advisors Group LLC Makes New $590,000 Investment in monday.com Ltd. (NASDAQ:MNDY)

Lake Street Advisors Group LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,125 shares of the company’s stock, valued at approximately $590,000.

A number of other institutional investors have also made changes to their positions in MNDY. Wellington Management Group LLP acquired a new position in monday.com during the 4th quarter worth approximately $1,405,000. PNC Financial Services Group Inc. raised its position in shares of monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 310 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of monday.com in the 1st quarter worth $226,000. Park Avenue Securities LLC purchased a new stake in monday.com in the 1st quarter valued at $364,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of monday.com during the 1st quarter valued at $782,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of MNDY stock opened at $299.61 on Friday. The business has a 50-day moving average of $270.78 and a 200 day moving average of $237.51. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $302.57. The stock has a market capitalization of $14.47 billion, a PE ratio of 374.51, a P/E/G ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The business had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. Analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

MNDY has been the topic of several research analyst reports. Oppenheimer upped their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays increased their price target on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Tigress Financial boosted their price objective on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Baird R W upgraded shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $303.35.

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.