Voya Investment Management LLC Acquires 14,290 Shares of monday.com Ltd. $MNDY

Voya Investment Management LLC boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 277,445 shares of the company’s stock after acquiring an additional 14,290 shares during the period. Voya Investment Management LLC’s holdings in monday.com were worth $53,739,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Promus Capital LLC bought a new stake in monday.com in the 2nd quarter valued at $45,000. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 65 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of monday.com by 60.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after buying an additional 60 shares during the last quarter. Finally, Allworth Financial LP grew its stake in monday.com by 219.6% in the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after purchasing an additional 112 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $147.08 on Friday. The company has a 50 day simple moving average of $168.46 and a two-hundred day simple moving average of $215.93. monday.com Ltd. has a fifty-two week low of $141.20 and a fifty-two week high of $342.64. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 119.58, a P/E/G ratio of 5.75 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The company had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNDY. Wells Fargo & Company dropped their price target on monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Barclays cut their target price on shares of monday.com from $258.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. BTIG Research began coverage on monday.com in a report on Tuesday. They set a “buy” rating and a $210.00 price target on the stock. UBS Group set a $202.00 price objective on shares of monday.com in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group lowered their price target on shares of monday.com from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.61.

monday.com 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.