United Advisor Group LLC Acquires Shares of 750 monday.com Ltd. (NASDAQ:MNDY)

United Advisor Group LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 750 shares of the company’s stock, valued at approximately $208,000.

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. boosted its stake in monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after acquiring an additional 91 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of monday.com by 2.3% in the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY opened at $316.03 on Thursday. The company’s 50-day simple moving average is $275.43 and its two-hundred day simple moving average is $243.37. The stock has a market capitalization of $15.26 billion, a P/E ratio of 395.04, a P/E/G ratio of 13.88 and a beta of 1.31. monday.com Ltd. has a 52-week low of $133.20 and a 52-week high of $316.39.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Research analysts forecast that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MNDY. Tigress Financial boosted their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Capital One Financial started coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target on the stock. Bank of America lifted their price target on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. TD Cowen boosted their price objective on shares of monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Baird R W raised shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $306.10.

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.