S&CO Inc. Makes New Investment in monday.com Ltd. $MNDY

S&CO Inc. acquired a new position in monday.com Ltd. (NASDAQ:MNDY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,870 shares of the company’s stock, valued at approximately $786,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC bought a new stake in monday.com in the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares in the last quarter. Quarry LP bought a new stake in monday.com in the fourth quarter worth approximately $29,000. Finally, Huntington National Bank lifted its stake in monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after buying an additional 302 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

NASDAQ MNDY opened at $87.52 on Monday. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $220.80. The business has a 50 day moving average price of $80.70 and a 200-day moving average price of $78.22. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.21 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The company had revenue of $364.62 million for the quarter, compared to analysts’ expectations of $355.55 million. During the same period last year, the business earned $1.09 EPS. monday.com’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts anticipate that monday.com Ltd. will post 2.09 earnings per share for the current year.

monday.com News Summary

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Zacks upgraded monday.com to “Strong Buy.” The upgrade reflects improving earnings expectations and could attract additional investor interest. Zacks.com
• Positive Sentiment: Rising earnings estimates are providing a near-term catalyst. Zacks said upward revisions to forecasts indicate that MNDY’s shares may continue moving higher. Rising Earnings Estimates
• Positive Sentiment: Zacks cited growing earnings optimism in assigning MNDY its highest rank. The upgrade to Zacks Rank #1, or “Strong Buy,” reinforces the improving fundamental outlook. Zacks Strong Buy Upgrade
• Positive Sentiment: Analysts’ average price target implies approximately 26.2% potential upside. The estimate is a positive sentiment indicator, although price targets are not guaranteed and can change. Analyst Price Target
• Positive Sentiment: BTIG and TD Cowen reiterated “Buy” ratings, maintaining institutional support for monday.com. BTIG Buy Rating TD Cowen Buy Rating
• Negative Sentiment: Wells Fargo lowered its expectations for MNDY’s stock price, while Citigroup issued a pessimistic forecast. These actions may weigh on sentiment and offset some of the recent bullish analyst commentary. Wells Fargo Forecast Citigroup Forecast

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MNDY. Jefferies Financial Group restated a “hold” rating and set a $95.00 price target on shares of monday.com in a report on Monday, August 10th. Barclays boosted their target price on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Capital One Financial lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a research note on Monday, August 10th. UBS Group raised their price target on shares of monday.com from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target on shares of monday.com in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.91.

monday.com Company Profile

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.