Bank of America Corp DE Buys 49,002 Shares of monday.com Ltd. $MNDY

Bank of America Corp DE lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,635 shares of the company’s stock after acquiring an additional 49,002 shares during the quarter. Bank of America Corp DE’s holdings in monday.com were worth $13,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. Royal London Asset Management Ltd. lifted its holdings in monday.com by 8.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,792 shares of the company’s stock worth $264,000 after acquiring an additional 140 shares during the period. Advisory Services Network LLC purchased a new position in monday.com in the third quarter worth $28,000. Finally, State Board of Administration of Florida Retirement System grew its stake in monday.com by 6.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 2,635 shares of the company’s stock valued at $389,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MNDY shares. Oppenheimer set a $115.00 target price on monday.com in a research report on Monday, May 11th. Capital One Financial lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research report on Monday, August 10th. Citigroup dropped their target price on shares of monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $95.00 price target on shares of monday.com in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.91.

monday.com Stock Down 0.6%

Shares of monday.com stock opened at $90.73 on Friday. The company’s fifty day simple moving average is $81.47 and its two-hundred day simple moving average is $77.41. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $220.80. The firm has a market cap of $4.64 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. The firm had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, sell-side analysts expect that monday.com Ltd. will post 2.25 earnings per share for the current fiscal year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.