Lake Street Advisors Group LLC Boosts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Lake Street Advisors Group LLC grew its position in monday.com Ltd. (NASDAQ:MNDY) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,030 shares of the company’s stock after purchasing an additional 905 shares during the quarter. Lake Street Advisors Group LLC’s holdings in monday.com were worth $713,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of monday.com in the 3rd quarter worth $21,989,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the third quarter valued at about $43,000. Autumn Glory Partners LLC acquired a new stake in monday.com in the third quarter worth about $291,000. abrdn plc purchased a new stake in shares of monday.com during the third quarter worth about $269,000. Finally, Palumbo Wealth Management LLC grew its stake in shares of monday.com by 8.3% during the third quarter. Palumbo Wealth Management LLC now owns 2,525 shares of the company’s stock worth $701,000 after acquiring an additional 193 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY stock opened at $306.04 on Thursday. The firm’s fifty day moving average is $258.98 and its 200 day moving average is $269.54. The firm has a market cap of $14.77 billion, a PE ratio of 510.07, a P/E/G ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent analyst reports. Tigress Financial lifted their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. DA Davidson boosted their price objective on shares of monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Scotiabank lifted their price target on monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Profile

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.