RFG Advisory LLC Has $463,000 Stock Position in monday.com Ltd. (NASDAQ:MNDY)

RFG Advisory LLC increased its stake in monday.com Ltd. (NASDAQ:MNDY) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,903 shares of the company’s stock after acquiring an additional 210 shares during the quarter. RFG Advisory LLC’s holdings in monday.com were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of monday.com by 23.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company’s stock worth $117,708,000 after acquiring an additional 96,222 shares during the period. Norges Bank acquired a new position in monday.com in the fourth quarter valued at approximately $116,686,000. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of monday.com during the 4th quarter worth approximately $109,605,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

MNDY stock opened at $305.29 on Friday. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The business has a fifty day moving average price of $270.87 and a 200-day moving average price of $266.55. The stock has a market capitalization of $15.50 billion, a P/E ratio of 508.82, a P/E/G ratio of 16.53 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 30.2% on a year-over-year basis. As a group, analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MNDY. UBS Group cut their price target on monday.com from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of monday.com in a report on Tuesday, May 13th. Tigress Financial increased their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Piper Sandler increased their price target on monday.com from $305.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Finally, Loop Capital cut their price target on monday.com from $385.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $346.50.

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.