CWA Asset Management Group LLC Invests $758,000 in monday.com Ltd. (NASDAQ:MNDY)

CWA Asset Management Group LLC 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 fund bought 2,729 shares of the company’s stock, valued at approximately $758,000.

Several other hedge funds have also recently added to or reduced their stakes in MNDY. Quent Capital LLC acquired a new position in monday.com during the first quarter worth $565,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of monday.com during the 1st quarter worth about $1,204,000. Oppenheimer Asset Management Inc. bought a new position in monday.com during the 1st quarter valued at about $446,000. Swiss National Bank lifted its holdings in monday.com by 4.1% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the company’s stock valued at $19,515,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in monday.com in the first quarter valued at about $2,038,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Piper Sandler lifted their price objective on monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Canaccord Genuity Group raised their target price on monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $306.10.

monday.com Trading Up 1.8 %

Shares of MNDY opened at $324.31 on Monday. The stock has a market cap of $15.66 billion, a P/E ratio of 405.39, a price-to-earnings-growth ratio of 15.22 and a beta of 1.31. monday.com Ltd. has a 1 year low of $133.50 and a 1 year high of $324.99. The stock’s 50-day moving average price is $278.88 and its two-hundred day moving average price is $246.22.

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

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.