PNC Financial Services Group Inc. Has $2.11 Million Holdings in monday.com Ltd. (NASDAQ:MNDY)

PNC Financial Services Group Inc. boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,600 shares of the company’s stock after buying an additional 479 shares during the period. PNC Financial Services Group Inc.’s holdings in monday.com were worth $2,111,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MNDY. Mercer Global Advisors Inc. ADV boosted its position in shares of monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after acquiring an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of monday.com by 4.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. increased its stake in shares of monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after purchasing an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after buying an additional 91 shares during the last quarter. Finally, American International Group Inc. boosted its stake in monday.com by 2.3% in the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after buying an additional 102 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MNDY. Scotiabank started coverage on monday.com in a research note on Tuesday, November 19th. They set a “sector outperform” rating and a $325.00 target price for the company. Oppenheimer upped their price objective on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Bank of America raised their target price on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group upped their price target on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, TD Cowen increased their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Trading Up 4.0 %

MNDY stock opened at $296.10 on Tuesday. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99. The stock has a 50-day moving average price of $282.80 and a 200-day moving average price of $252.52. The firm has a market cap of $14.30 billion, a PE ratio of 722.20, a price-to-earnings-growth ratio of 7.93 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. On average, analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.