5,000 Shares in monday.com Ltd. (NASDAQ:MNDY) Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the company’s stock, valued at approximately $1,177,000.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in monday.com in the 3rd quarter valued at $1,001,000. Van ECK Associates Corp raised its holdings in shares of monday.com by 1.6% in the third quarter. Van ECK Associates Corp now owns 13,244 shares of the company’s stock valued at $3,742,000 after buying an additional 205 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of monday.com by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after buying an additional 2,196 shares during the period. United Advisor Group LLC purchased a new position in shares of monday.com during the third quarter worth about $208,000. Finally, M&G PLC acquired a new position in monday.com in the 3rd quarter valued at about $9,921,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MNDY. Robert W. Baird increased their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Barclays increased their price target on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Down 9.4 %

NASDAQ:MNDY opened at $254.00 on Friday. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The stock has a fifty day simple moving average of $264.55 and a 200-day simple moving average of $270.29. The company has a market capitalization of $12.26 billion, a PE ratio of 423.33, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.