S&CO Inc. Makes New Investment in monday.com Ltd. $MNDY

S&CO Inc. acquired a new position in monday.com Ltd. (NASDAQ:MNDY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,870 shares of the company’s stock, valued at approximately $786,000.

A number of other large investors also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares in the last quarter. Advisory Services Network LLC purchased a new stake in monday.com in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC raised its position in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the last quarter. Quarry LP bought a new position in monday.com during the 4th quarter valued at $29,000. Finally, Huntington National Bank lifted its stake in monday.com by 6,040.0% during the 4th quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after acquiring an additional 302 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY stock opened at $87.52 on Monday. The firm has a market cap of $4.48 billion, a P/E ratio of 37.24, a PEG ratio of 2.21 and a beta of 1.24. The company has a 50 day moving average of $80.70 and a 200-day moving average of $78.22. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $220.80.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The business had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. monday.com’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities analysts expect that monday.com Ltd. will post 2.09 EPS for the current year.

Key Headlines Impacting monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Zacks upgraded monday.com to “Strong Buy.” The upgrade reflects improving earnings expectations and could attract additional investor interest. Zacks.com
• Positive Sentiment: Rising earnings estimates are providing a near-term catalyst. Zacks said upward revisions to forecasts indicate that MNDY’s shares may continue moving higher. Rising Earnings Estimates
• Positive Sentiment: Zacks cited growing earnings optimism in assigning MNDY its highest rank. The upgrade to Zacks Rank #1, or “Strong Buy,” reinforces the improving fundamental outlook. Zacks Strong Buy Upgrade
• Positive Sentiment: Analysts’ average price target implies approximately 26.2% potential upside. The estimate is a positive sentiment indicator, although price targets are not guaranteed and can change. Analyst Price Target
• Positive Sentiment: BTIG and TD Cowen reiterated “Buy” ratings, maintaining institutional support for monday.com. BTIG Buy Rating TD Cowen Buy Rating
• Negative Sentiment: Wells Fargo lowered its expectations for MNDY’s stock price, while Citigroup issued a pessimistic forecast. These actions may weigh on sentiment and offset some of the recent bullish analyst commentary. Wells Fargo Forecast Citigroup Forecast

Analysts Set New Price Targets

Several research firms have recently issued reports on MNDY. Zacks Research upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Wells Fargo & Company dropped their price target on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Oppenheimer set a $115.00 price objective on shares of monday.com in a research report on Monday, May 11th. Finally, Barclays increased their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.91.

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.