SWS Partners Invests $1.20 Million in monday.com Ltd. $MNDY

SWS Partners bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,172 shares of the company’s stock, valued at approximately $1,195,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased 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 during the last quarter. Promus Capital LLC purchased a new stake in monday.com in the second quarter worth approximately $45,000. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 65 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in monday.com by 60.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after acquiring an additional 60 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of monday.com by 219.6% during the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $51,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MNDY. Canaccord Genuity Group cut their price objective on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Jefferies Financial Group cut their price target on shares of monday.com from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price objective on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Guggenheim assumed coverage on monday.com in a research note on Thursday, December 4th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Bank of America dropped their target price on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.48.

monday.com Trading Down 0.2%

Shares of NASDAQ:MNDY opened at $145.78 on Friday. The company has a 50-day moving average price of $164.82 and a 200-day moving average price of $210.36. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 118.52, a price-to-earnings-growth ratio of 5.77 and a beta of 1.27. monday.com Ltd. has a 12 month low of $141.20 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.27. The company had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.monday.com’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com 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.