Arcadia Investment Management Corp MI Purchases Shares of 118 monday.com Ltd. (NASDAQ:MNDY)

Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 118 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors have also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC purchased a new position in monday.com during the fourth quarter worth about $25,000. R Squared Ltd purchased a new position in shares of monday.com during the fourth quarter worth about $33,000. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the last quarter. Cromwell Holdings LLC raised its stake in monday.com by 372.7% in the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the third quarter valued at approximately $43,000. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY opened at $300.65 on Friday. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 501.08, a PEG 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. The company has a fifty day moving average of $256.10 and a 200 day moving average of $267.36.

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 the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MNDY. Scotiabank raised their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, February 11th. Loop Capital lowered their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Tigress Financial lifted their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $358.32.

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.