Hantz Financial Services Inc. Buys 8,874 Shares of monday.com Ltd. $MNDY

Hantz Financial Services Inc. raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 120.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,257 shares of the company’s stock after acquiring an additional 8,874 shares during the period. Hantz Financial Services Inc.’s holdings in monday.com were worth $3,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WCM Investment Management LLC grew its holdings in shares of monday.com by 2.8% in the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after purchasing an additional 115,353 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in monday.com by 51.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 680 shares of the company’s stock valued at $132,000 after purchasing an additional 230 shares during the last quarter. Mediolanum International Funds Ltd boosted its position in monday.com by 17.3% in the third quarter. Mediolanum International Funds Ltd now owns 19,235 shares of the company’s stock valued at $3,877,000 after buying an additional 2,834 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in monday.com by 84.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $57,000 after buying an additional 135 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of monday.com by 76.6% during the third quarter. Thrivent Financial for Lutherans now owns 313,112 shares of the company’s stock worth $60,646,000 after buying an additional 135,797 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Down 9.7%

NASDAQ:MNDY opened at $94.59 on Friday. monday.com Ltd. has a 12-month low of $94.27 and a 12-month high of $342.64. The stock’s fifty day simple moving average is $139.65 and its 200-day simple moving average is $177.08. The firm has a market capitalization of $4.80 billion, a P/E ratio of 76.90, a P/E/G ratio of 2.37 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 EPS 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 the consensus estimate of $312.26 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on monday.com from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Tigress Financial boosted their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Bank of America lowered their target price on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Guggenheim reaffirmed a “buy” rating on shares of monday.com in a report on Friday, January 16th. Finally, BTIG Research reissued a “buy” rating and set a $210.00 price objective on shares of monday.com in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and an average price target of $234.22.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.