Stifel Financial Corp Raises Holdings in monday.com Ltd. (NASDAQ:MNDY)

Stifel Financial Corp increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,105 shares of the company’s stock after acquiring an additional 1,199 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of monday.com worth $6,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MNDY. Stonebridge Financial Group LLC purchased a new stake in monday.com in the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com in the fourth quarter worth $28,000. R Squared Ltd bought a new stake in monday.com in the fourth quarter valued at $33,000. Signaturefd LLC increased its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNDY has been the topic of several research analyst reports. UBS Group reduced their price target on shares of monday.com from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday. Jefferies Financial Group decreased their target price on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Piper Sandler lowered their target price on monday.com from $385.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group upped their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, DA Davidson lowered their price objective on monday.com from $350.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $344.45.

monday.com Stock Up 0.6 %

Shares of NASDAQ MNDY opened at $276.30 on Wednesday. The firm’s 50-day moving average price is $258.24 and its 200-day moving average price is $266.00. monday.com Ltd. has a 52-week low of $179.02 and a 52-week high of $342.64. The company has a market cap of $14.03 billion, a PE ratio of 460.50, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.