monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Vestcor Inc

Vestcor Inc boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 602 shares of the company’s stock after buying an additional 83 shares during the period. Vestcor Inc’s holdings in monday.com were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNDY. Global Retirement Partners LLC raised its position in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the period. Avior Wealth Management LLC raised its position in monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after purchasing an additional 67 shares during the period. Venturi Wealth Management LLC raised its position in monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after purchasing an additional 76 shares during the period. Northwest & Ethical Investments L.P. raised its position 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 purchasing an additional 100 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in monday.com in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MNDY. Wells Fargo & Company lifted their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their price objective on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Cantor Fitzgerald boosted their price objective on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird boosted their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average target price of $354.45.

monday.com Stock Performance

NASDAQ:MNDY opened at $257.23 on Wednesday. The stock has a 50-day simple moving average of $267.18 and a 200-day simple moving average of $269.58. The stock has a market cap of $12.42 billion, a P/E ratio of 428.72, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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 predict that monday.com Ltd. will post 0.46 EPS 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.