New York Life Investment Management LLC Makes New Investment in monday.com Ltd. $MNDY

New York Life Investment Management LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 790 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in monday.com by 31.3% in the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after acquiring an additional 50 shares during the last quarter. Dakota Wealth Management boosted its position in monday.com by 3.0% during the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock worth $564,000 after purchasing an additional 52 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the period. Chicago Capital LLC increased its stake in shares of monday.com by 3.6% in the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after purchasing an additional 55 shares in the last quarter. Finally, RFG Advisory LLC raised its position in shares of monday.com by 2.9% in the second quarter. RFG Advisory LLC now owns 1,958 shares of the company’s stock valued at $616,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

monday.com stock opened at $205.46 on Monday. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The stock has a market cap of $10.43 billion, a P/E ratio of 277.65, a PEG ratio of 9.70 and a beta of 1.24. The firm’s fifty day moving average price is $192.18 and its 200-day moving average price is $244.75.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNDY. Citigroup upped their price target on shares of monday.com from $326.00 to $332.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Wells Fargo & Company initiated coverage on monday.com in a research report on Tuesday, September 30th. They set an “overweight” rating and a $260.00 target price on the stock. KeyCorp reiterated an “overweight” rating and issued a $330.00 price target on shares of monday.com in a research report on Monday, August 11th. Piper Sandler decreased their price objective on monday.com from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group cut their target price on monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $290.81.

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.