Public Sector Pension Investment Board Grows Position in monday.com Ltd. (NASDAQ:MNDY)

Public Sector Pension Investment Board boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 25.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,361 shares of the company’s stock after acquiring an additional 3,900 shares during the period. Public Sector Pension Investment Board’s holdings in monday.com were worth $5,378,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of monday.com in the third quarter worth approximately $43,000. Ridgewood Investments LLC bought a new stake in monday.com in the 2nd quarter worth approximately $45,000. Gilliland Jeter Wealth Management LLC raised its stake in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of monday.com during the 2nd quarter valued at $69,000. Finally, Toronto Dominion Bank purchased a new position in shares of monday.com in the 2nd quarter worth $120,000. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 0.6 %

monday.com stock opened at $285.36 on Monday. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99. The company’s 50-day moving average price is $284.35 and its 200-day moving average price is $255.00. The company has a market cap of $13.78 billion, a PE ratio of 696.00, a price-to-earnings-growth ratio of 7.95 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS 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 net margin of 2.39% and a return on equity of 4.99%. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, sell-side analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MNDY shares. JPMorgan Chase & Co. increased their target price on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Needham & Company LLC raised their price objective on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Scotiabank initiated coverage on shares of monday.com in a research report on Tuesday, November 19th. They set a “sector outperform” rating and a $325.00 target price for the company. The Goldman Sachs Group increased their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Citigroup lifted their price target on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.81.

monday.com 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.