Venturi Wealth Management LLC Raises Holdings in monday.com Ltd. (NASDAQ:MNDY)

Venturi Wealth Management LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,076 shares of the company’s stock after purchasing an additional 76 shares during the quarter. Venturi Wealth Management LLC’s holdings in monday.com were worth $253,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the fourth quarter worth about $25,000. R Squared Ltd acquired a new stake in shares of monday.com during the fourth quarter worth about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter worth about $43,000. Spire Wealth Management acquired a new stake in monday.com in the fourth quarter valued at about $125,000. Finally, Vestcor Inc lifted its position in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC raised their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Jefferies Financial Group increased their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group raised their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Down 2.4 %

Shares of MNDY opened at $300.65 on Friday. The company’s fifty day moving average is $256.10 and its two-hundred day moving average is $267.36. The firm has a market cap of $14.52 billion, a PE ratio of 501.08, a price-to-earnings-growth ratio of 16.54 and a beta of 1.31. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

About monday.com

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.