Arcadia Investment Management Corp MI Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Arcadia Investment Management Corp MI acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 118 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after purchasing an additional 434,035 shares in the last quarter. Jennison Associates LLC grew its position in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. International Assets Investment Management LLC bought a new stake in monday.com during the 3rd quarter valued at $21,989,000. Finally, Stephens Investment Management Group LLC raised its holdings in monday.com by 78.9% during the third quarter. Stephens Investment Management Group LLC now owns 133,713 shares of the company’s stock worth $37,141,000 after buying an additional 58,990 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 2.4 %

NASDAQ MNDY opened at $300.65 on Friday. The firm has a market cap of $14.52 billion, a P/E ratio of 501.08, a price-to-earnings-growth ratio of 16.54 and a beta of 1.31. The company’s 50 day moving average is $256.10 and its 200-day moving average is $267.36. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

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 analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MNDY. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group increased their price objective on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. DA Davidson lifted their target price on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Tigress Financial increased their price target on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.