Hantz Financial Services Inc. Invests $713,000 in monday.com Ltd. (NASDAQ:MNDY)

Hantz Financial Services Inc. purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,028 shares of the company’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNDY. Avior Wealth Management LLC boosted its holdings in shares of monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after buying an additional 67 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares in the last quarter. Vestcor Inc grew its holdings in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the last quarter. R Squared Ltd acquired a new stake in shares of monday.com during the fourth quarter worth about $33,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 5.6 %

MNDY stock opened at $255.46 on Friday. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 623.07, a PEG ratio of 6.20 and a beta of 1.30. The firm has a 50 day moving average of $252.58 and a 200-day moving average of $260.14. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $324.99.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Sell-side analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on MNDY. Needham & Company LLC lifted their price target on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Scotiabank reduced their price target on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of monday.com from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group dropped their price objective on shares of monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $310.68.

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.