Northwest & Ethical Investments L.P. Grows Position in monday.com Ltd. (NASDAQ:MNDY)

Northwest & Ethical Investments L.P. grew its holdings in monday.com Ltd. (NASDAQ:MNDY) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 650 shares of the company’s stock after acquiring an additional 100 shares during the period. Northwest & Ethical Investments L.P.’s holdings in monday.com were worth $181,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in monday.com by 12.9% during the first quarter. Vanguard Group Inc. now owns 45,682 shares of the company’s stock valued at $10,318,000 after purchasing an additional 5,229 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of monday.com during the 1st quarter worth $203,000. California State Teachers Retirement System boosted its holdings in shares of monday.com by 13.8% in the 1st quarter. California State Teachers Retirement System now owns 25,320 shares of the company’s stock valued at $5,719,000 after buying an additional 3,068 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of monday.com during the first quarter worth $264,000. Finally, DekaBank Deutsche Girozentrale increased its position in monday.com by 1,175.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,480 shares of the company’s stock valued at $3,927,000 after buying an additional 16,109 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MNDY has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price target on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group upped their target price on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. TD Cowen lifted their price objective on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. The Goldman Sachs Group upped their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, 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. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $310.81.

monday.com Stock Down 0.6 %

NASDAQ:MNDY opened at $285.36 on Friday. The business’s 50-day moving average price is $284.35 and its 200 day moving average price is $254.49. The firm has a market cap of $13.78 billion, a P/E ratio of 696.00, a PEG ratio of 8.00 and a beta of 1.31. monday.com Ltd. has a 52-week low of $170.00 and a 52-week high of $324.99.

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

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.