Park Avenue Securities LLC Makes New $364,000 Investment in monday.com Ltd. (NASDAQ:MNDY)

Park Avenue Securities LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 1st quarter, HoldingsChannel reports. The firm purchased 1,613 shares of the company’s stock, valued at approximately $364,000.

Other institutional investors have also made changes to their positions in the company. Desjardins Global Asset Management Inc. grew its holdings in monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 310 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in monday.com by 13.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock worth $151,000 after acquiring an additional 93 shares during the period. Los Angeles Capital Management LLC acquired a new position in monday.com during the 1st quarter valued at $226,000. Finally, BloombergSen Inc. boosted its holdings in monday.com by 28.7% in the 4th quarter. BloombergSen Inc. now owns 1,010 shares of the company’s stock valued at $190,000 after purchasing an additional 225 shares during the period. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Up 1.9 %

NASDAQ MNDY opened at $240.76 on Monday. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $249.00. The company has a 50 day moving average of $214.59 and a 200-day moving average of $210.01. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 633.60, a PEG ratio of 48.15 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.25. The firm had revenue of $216.91 million during the quarter, compared to analysts’ expectations of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. On average, analysts forecast that monday.com Ltd. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MNDY shares. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. The Goldman Sachs Group raised their price objective on monday.com from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Canaccord Genuity Group lifted their price objective on monday.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Oppenheimer upped their target price on monday.com from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $253.82.

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.