Metis Global Partners LLC Makes New Investment in monday.com Ltd. $MNDY

Metis Global Partners LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the second quarter, HoldingsChannel.com reports. The fund purchased 749 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management grew its stake in monday.com by 7.5% in the 2nd quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after buying an additional 43 shares during the last quarter. CWM LLC boosted its holdings in monday.com by 31.3% during the second quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the period. Dakota Wealth Management boosted its holdings in monday.com by 3.0% during the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after acquiring an additional 52 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. Finally, Chicago Capital LLC increased its stake in shares of monday.com by 3.6% in the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after purchasing an additional 55 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

monday.com stock opened at $160.61 on Friday. The business’s fifty day moving average is $191.14 and its two-hundred day moving average is $240.42. The firm has a market cap of $8.15 billion, a P/E ratio of 130.58, a P/E/G ratio of 7.49 and a beta of 1.24. monday.com Ltd. has a 52 week low of $151.00 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The firm had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. During the same quarter last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cantor Fitzgerald decreased their target price on monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a research note on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $270.19.

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.