Manchester Financial Inc. Purchases New Position in monday.com Ltd. $MNDY

Manchester Financial Inc. purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 722 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors also recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. purchased a new position in monday.com during the first quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in monday.com during the first quarter valued at approximately $25,000. NewEdge Advisors LLC grew 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 purchasing an additional 106 shares during the period. First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after purchasing an additional 70 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after purchasing an additional 60 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Cowen reissued a “buy” rating on shares of monday.com in a report on Tuesday, August 12th. Cantor Fitzgerald dropped their price objective on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. KeyCorp reissued an “overweight” rating and issued a $330.00 price objective on shares of monday.com in a report on Monday, August 11th. Finally, Canaccord Genuity Group dropped their price objective on monday.com from $350.00 to $255.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $290.81.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $181.58 on Friday. The business’s 50 day moving average price is $188.04 and its 200-day moving average price is $247.61. The firm has a market capitalization of $9.22 billion, a PE ratio of 245.38, a P/E/G ratio of 8.36 and a beta of 1.24. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.