Hantz Financial Services Inc. Invests $713,000 in monday.com Ltd. (NASDAQ:MNDY)

Hantz Financial Services Inc. purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,028 shares of the company’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC lifted its position in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after acquiring an additional 798,791 shares in the last quarter. Jennison Associates LLC boosted its stake in monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of monday.com by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after buying an additional 14,304 shares in the last quarter. State Street Corp raised its position in shares of monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after buying an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after buying an additional 15,300 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of recent research reports. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Cantor Fitzgerald assumed coverage on monday.com in a research report on Friday, January 17th. They set an “overweight” rating and a $292.00 price objective on the stock. Piper Sandler dropped their target price on monday.com from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Needham & Company LLC lifted their price target on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Oppenheimer upped their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.68.

monday.com Price Performance

MNDY opened at $255.46 on Friday. The business has a fifty day moving average price of $252.58 and a 200 day moving average price of $260.14. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $324.99. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 623.07, a PEG ratio of 6.20 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released 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. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 49.5% compared to the same quarter last year. On average, research analysts anticipate that monday.com Ltd. will post 0.85 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.