IFM Investors Pty Ltd Buys Shares of 7,551 monday.com Ltd. $MNDY

IFM Investors Pty Ltd purchased a new position in monday.com Ltd. (NASDAQ:MNDY) in the first quarter, Holdings Channel reports. The fund purchased 7,551 shares of the company’s stock, valued at approximately $522,000.

Several other large investors also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Advisory Services Network LLC bought a new stake in monday.com during the third quarter worth approximately $28,000. Quarry LP bought a new stake in monday.com during the fourth quarter worth approximately $29,000. Abound Wealth Management acquired a new position in monday.com during the fourth quarter valued at approximately $30,000. Finally, Huntington National Bank grew its holdings in monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY opened at $79.77 on Monday. The business has a 50 day moving average of $75.90 and a 200-day moving average of $90.18. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 3.99 and a beta of 1.26. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $314.99.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $351.26 million during the quarter. Equities analysts predict that monday.com Ltd. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MNDY shares. Guggenheim set a $130.00 price objective on shares of monday.com and gave the stock a “buy” rating in a research note on Thursday, April 9th. Piper Sandler raised their target price on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. TD Cowen boosted their target price on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Finally, Citigroup lowered their price target on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.48.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.