Ranger Investment Management L.P. Acquires 12,385 Shares of monday.com Ltd. $MNDY

Ranger Investment Management L.P. boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 27.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,075 shares of the company’s stock after acquiring an additional 12,385 shares during the quarter. Ranger Investment Management L.P. owned 0.11% of monday.com worth $18,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in shares of monday.com in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% in 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. EverSource Wealth Advisors LLC grew its holdings in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of monday.com by 60.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after purchasing an additional 60 shares in the last quarter. Finally, Allworth Financial LP boosted its position in monday.com by 219.6% in the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after buying an additional 112 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $156.94 on Friday. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 127.59, a P/E/G ratio of 6.20 and a beta of 1.27. The company has a 50 day moving average of $172.24 and a 200-day moving average of $220.59. monday.com Ltd. has a one year low of $141.20 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last announced 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 business had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. During the same period in the prior year, the business posted $0.85 earnings per share. monday.com’s revenue was up 26.3% compared to the same quarter last year. Equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MNDY shares. DA Davidson reduced their target price on monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Tigress Financial raised their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays reduced their price target on shares of monday.com from $258.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Jefferies Financial Group lowered their price objective 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. Finally, Morgan Stanley dropped their target price on shares of monday.com from $260.00 to $236.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.91.

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.