Wilmington Savings Fund Society FSB Buys New Shares in monday.com Ltd. (NASDAQ:MNDY)

Wilmington Savings Fund Society FSB purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,687 shares of the company’s stock, valued at approximately $469,000.

Several other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the 3rd quarter worth approximately $43,000. Ridgewood Investments LLC acquired a new stake in monday.com during the second quarter worth $45,000. Gilliland Jeter Wealth Management LLC boosted its stake 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 in the last quarter. Toronto Dominion Bank bought a new stake in monday.com in the 2nd quarter valued at $120,000. Finally, Vestcor Inc raised its stake in shares of monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 0.1 %

monday.com stock opened at $273.33 on Tuesday. The business’s 50-day simple moving average is $285.80 and its 200 day simple moving average is $258.71. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 666.66, a P/E/G ratio of 7.75 and a beta of 1.25. monday.com Ltd. has a 12-month low of $170.00 and a 12-month high of $324.99.

monday.com (NASDAQ:MNDY) last issued its earnings results 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 company had revenue of $251.00 million for 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%. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. As a group, sell-side analysts expect that monday.com Ltd. will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Tigress Financial upped their target price on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Needham & Company LLC upped their price objective on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Capital One Financial began coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price for the company. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research note on Tuesday, November 12th. Finally, Barclays increased their price objective on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $310.81.

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.