PNC Financial Services Group Inc. Has $2.11 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

PNC Financial Services Group Inc. increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.7% during the third quarter, Holdings Channel reports. The institutional investor owned 7,600 shares of the company’s stock after purchasing an additional 479 shares during the period. PNC Financial Services Group Inc.’s holdings in monday.com were worth $2,111,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of monday.com during the third quarter valued at approximately $43,000. Ridgewood Investments LLC bought a new stake in monday.com during the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC raised its holdings in monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after buying an additional 102 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in monday.com during the second quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after buying an additional 356 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNDY. Tigress Financial boosted their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Loop Capital boosted their price objective on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Robert W. Baird raised their target price on monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Needham & Company LLC lifted their target price on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Citigroup increased their price target on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Price Performance

NASDAQ:MNDY opened at $296.10 on Tuesday. The company has a market capitalization of $14.30 billion, a P/E ratio of 722.20, a P/E/G ratio of 7.93 and a beta of 1.31. The business has a fifty day simple moving average of $282.80 and a two-hundred day simple moving average of $252.52. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. As a group, 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.