Y Intercept Hong Kong Ltd Boosts Stake in monday.com Ltd. $MNDY

Y Intercept Hong Kong Ltd boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 15.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,603 shares of the company’s stock after purchasing an additional 1,565 shares during the period. Y Intercept Hong Kong Ltd’s holdings in monday.com were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. bought a new stake in monday.com in the first quarter worth about $25,000. Summit Securities Group LLC bought a new stake in monday.com in the first quarter worth about $25,000. NewEdge Advisors LLC lifted its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 2.3%

NASDAQ MNDY opened at $195.94 on Thursday. The firm’s fifty day simple moving average is $191.08 and its two-hundred day simple moving average is $245.44. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The firm has a market capitalization of $9.95 billion, a P/E ratio of 264.79, a P/E/G ratio of 9.48 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the previous year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MNDY shares. Barclays decreased their price objective on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird reduced their target price on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company began coverage on shares of monday.com in a research report on Tuesday, September 30th. They set an “overweight” rating and a $260.00 target price on the stock. Wall Street Zen lowered shares of monday.com from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Oppenheimer began coverage on shares of monday.com in a research report on Wednesday, August 27th. They set an “outperform” rating and a $300.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.81.

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.