CWA Asset Management Group LLC Has $753,000 Position in monday.com Ltd. (NASDAQ:MNDY)

CWA Asset Management Group LLC raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,199 shares of the company’s stock after buying an additional 470 shares during the quarter. CWA Asset Management Group LLC’s holdings in monday.com were worth $753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. acquired a new position in shares of monday.com in the third quarter worth $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com in the third quarter valued at about $21,989,000. Taylor Frigon Capital Management LLC acquired a new position in monday.com in the 3rd quarter worth about $1,311,000. Jennison Associates LLC lifted its holdings in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after buying an additional 318,837 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after buying an additional 2,196 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

MNDY has been the topic of several recent research reports. Scotiabank began coverage on shares of monday.com in a research report on Tuesday, November 19th. They set a “sector outperform” rating and a $325.00 price objective on the stock. Capital One Financial started coverage on shares of monday.com in a report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. KeyCorp lowered monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Finally, Needham & Company LLC upped their price target on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $312.85.

monday.com Trading Down 4.9 %

NASDAQ MNDY opened at $225.36 on Wednesday. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 549.66, a PEG ratio of 7.61 and a beta of 1.30. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99. The company has a 50 day moving average of $268.46 and a 200-day moving average of $259.99.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The firm 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 business’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts forecast 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.